All Forum Posts by: Aaron Wolman

I just purchased my first duplex (only SFHs in my portfolio so far) and it doesn't have the gas/water split. It cash flows without the utilities split but I am planning to hold onto for a long time so splitting the utilities seems to make sense. What steps should I do to start this? Is it worth bringing in my contractor first to see how difficult it would be or should I call the gas and water companies first? Any general advice would help.  A little more info, I am doing a full cosmetic rehab on one of the units and a lighter one on the other but I am assuming if I am going to split the utilities I should do that prior to any rehab. 
TYIA

General question, I am turning over my first rental and I got the charges from my contractor on damage done and I want to see peoples opinion. 

Security Deposit: 2600

Lease states no smoking/painting walls/no hanging things on walls

Tenants have moved out and have left two truck loads of garbage to be removed.

Damaged door

Painted walls which got on the ceiling and trim 

Lots of holes on the walls throughout the house

Damage from windows being left open constantly 

Weed was clearly smoked in the house (smell throughout the place) so we need to deep clean

Water bill wasn't paid so I had to turn back on utility

Missing key

Quoted costs:

$450 junk removal (some furniture)

$935 for damaged doors/windows, painting cleaning

$30 for utility turn on

Tenants were only there for a year before moving out so a lot of this is beyond normal wear and tear. Looking for peoples opinions if the quoted costs are fair to take off the security deposit.

TYIA 

Do I need a purchase and sales agreement if I have an off market deal that the person wants to hold off selling till February? Neither of us are real estate agents.  Is there something in this I should include especially with the delayed purchase? and are there any good online templates I can use for PA and what's the best free way to do eSignatures? TYIA