All Forum Posts by: Nadir M.

 Can property management be at all passive from an owners point of view? I guess if you scale to a certain extent you can potentially hire the staffing to take over. ????

Hello everyone, 

I’m currently a real estate agent and recently started my own property management company called Home Remedies Property Management and Real Estate Service in the Denver Metro Area. I manage my own rentals as well, in a different state, so I’ve had over 5 years of experience managing properties. I would like to increase my door count and wanted to ask what the best possible way to do that? What are some marketing strategies that other PM have used in their respective market to help grow their door count. I have also completed designing my website and it’s been live for over a week. Any suggestions are truly appreciated homeremediespm.com

Thank you 

Hi Maroof, 

I would love to help. I currently manage a hand full of units in the midwest. Let's connect and discuss. 

 I had that recently happen under the kitchen sink. Mold started to build up. Had my plumber head down there and he was able to remedy. Now i'm thinking that I should probably vacate this tenant. If it happened once, it's bound to happen again. 

What opinions are you looking for? I currently waiting for mine to be build. I'm trying to figure out whether I want to sell or lease. 

Hello everyone, 

I am currently in the process of closing on a Specialty Garage Condo located in Colorado. I was part of the initial investors to help secure the land and the bank loan. When discussing whether I wanted to pursue this investment opportunity, I only contemplated selling the units for a profit. As I do more research regarding this niche and the available interest, I've started to think about leasing. 

The question that I now have is how much could I lease these units and what amenities would help drive rental rate and secure a longterm tenant. My units are roughly around 1100 sq ft and if i choose to, I could build a mezzanine, bathroom, or a ceiling fan or all of the above. The problem that I am currently having is finding these rental comps. I do have an RE Agent currently working on these questions but i also wanted to do my own research. I am also trying to figure out the ROI on building any of these amenities. The above mentioned options would cost me roughly 75k.....rather pricey.

Any help or knowledge is greatly appreciated

Thank you BP community. 

I think it is one of those wooden ones. These tenants are great and they follow up on everything. I need to look into getting an umbrella insurance, I don’t own too many properties but still need to look into it. I do have an addendum that specifically states LL takes no responsibility and that set must be maintained etc I do think they may stay longer than a year, esp if this property meets all their needs. I think it’s just one of those situations where you trust that your tenant won’t sue you for something that’s intent is no make them and their kids happy. 

Exactly…so I mean why even deal with the potential headache. 

The liability of allowing it which then increases the risk of injury. It sounds silly to say LL is liable but I was told that’s how the courts look at it…if I would have said no, then the injury would have never took place. Cooking is necessary but play set isn’t. I mean I would NEVER allow swimming pool or trampoline. I agree with you 100% let the kid have some fun…I’m just wondering how it’s perceived In court. I’m an out of state investor, and litigations are not a 24 hour thing. 

Good morning and happy 4th everyone, 

Quick questions regarding a minor situation I’m dealing with. Current tenant, who just moved in, has a one year old and they really want to get him a play set. They were told they can have one before signing the lease by my Dad while doing the showing. They brought it up to me and I said no due to liability reasons,  killing of the grass etc. they’re great, they’re responsible and I have a little one too and he loves his play set. I guess the questions I have is if I have them sign an addendum to remove me from all liabilities, does that ever hold up? I know this is a question for a lawyer, but how would that even play out. If I do accept them getting a set, what suggestions would you guys have for me to make sure that everything goes well? They have renters insurance….mom works from home and wants her kid to get his boyish energy out, I just don’t want it to be at my expense.  Thoughts or any experiences etc 

thank you