All Forum Posts by: Nadir M.

@Matthew Reichert I was told the issue was fixed, the call from the warranty company was canceled, but apparently there was a repair done and I was invoices for it the following month when I was told it was taken care of.

@Lucas Carl correct but I was invoiced in August for a job that was in July when I was told it was fixed in July and that it didn’t cost anything.

Hello Pockerters

Recently, I’ve had a little set back with my PM that’s managing one of my properties out of town. My understanding was that as a PM, when there is a tenant issue, they should try to find the cheapest solution without always having to send someone out and charging me the invoice. Example was that last month, there was an issue with the AC unit under performing. They wanted to send out my warranty company to try to resolve the issue. During that time, it was hard for any unit to keep up as it was in the middle of the summer and with the Midwest humidity it overworked the unit. Long story short, I spoke with PM and they said issue was resolved because it was hot and humid and it’s typical for most residential units to keep up, also ac cleaning and changing of the filter were two tasks that the tenants was responsible of according to my PM. Forward to today, I got an invoice from my PM from a heating and ac company for $112 that was from July. Basically I was charged for something from July in August to make it seem like there were no expenses in July because I did complain to my PM that since we rented this house to this tenant, we have yet to have a month without any complaints or invoices. I hope this makes any sense at all. My issues is that every time the tenant wines the PM fixes the issue and bills me the invoice without finding another alternative or a cheaper alternative. Thoughts?

@Charlie Moore

Yup definitely set up an open house and those interested will make it. Also sounds like you need to increase your rent

Gl

@Bill Brandt I was also thinking the same thing. If not my PM then who.

@Nathan G. I recently purchased another property without inspection but not yet rented. Maybe I’ll do an inspection before it gets rented.

@Bill Brandt I agree. Hope it stays that way.

@Nathan G. From your experience and I can ask my PM as well but do you have a check list to make sure that I don’t go through this on my next property? I did have maintenance check before putting a tenant in there. I actually had the seller fix and repair them. I did not have an inspection done so that prob hurt me.

Hello everyone,

Currently I have a PM managing a property that I own out of state. It’s been two months and I’ve yet to cash flow. With management fees, fee for finding a tenant, and the miscellaneous tenant calls, I’ve found that I’ve yet to see any money coming in.

Now some of the fixes are as follow:

Before property was rented out, there was snow removal that ran $140. After property rented out, Installation of a mailbox for $41. Service the garage door, program keyless entry and install 1 remote control, $141.80 (before buying the property I had someone service the garage door but not program keyless entry). Removing a fitting from the washer drain so the tenant could hook up their washer drain hose, $60. Fixing a gas leak on water heater $110. That’s not including management fees and the cost for finding me a tenant. I do like my PM company as they are professional and efficient and all these fixes sound necessary to me. When should I start expecting to cash flow? From everyone’s experience, when did you start to cash flow? I want to hold off managing my own as I told myself the first couple of months will end up costing me then I would eventually start to CF. Advice??

Thanks

@Dhruv Anand

You’re welcome.