All Forum Posts by: Tami R.

It seems like every year at this time I wish I had something put in place for maint. on furnaces, etc...

I do not have it in my lease and if I did I do not think tenants would pay attention... but it seems like NEVER do tenants change the filters in the furnace. We did a maint. inspection last in Dec 2012 with our furnace guy - went great plus he went in houses and told us how our tenants lived, etc.

My question is: 1. Do you have scheduled maint for each of your properties and if so how many times per year?
2. How do you handle furnace filters, etc...Suggestions

I just had pipes in a kitchen freeze in one property this week. The tenant who is an architect for a large contracting co. called and had us come and make sure there were no pipes cracked, etc... What we found was the furnace filter was so clogged we were lucky it did not break. They had the heat on 70 and it could only get to 64 the filter and everything was just full.

I have not done any incentive. But just last month a long term tenant moved out of the area to go back to college and when they left the house SO clean with their deposit I sent another $100 and said thank you!

yeah I know... that's the hard part cash vs. cash flow! We like the cash but having that cash flow every month and not owing anything on the property is nice but cash can actually do a lot too.

We have about 30 rentals - have done two flips in the last 5 years, did ok but prefer long term.

We purchased two homes this fall basically $10k each in a smaller community (10 miles from our main city). We are putting $30k into rehab - everything brand new. Smaller comm. so rent in this little town would be $550-$600 per month or we could sell it within 90 days for $70k.

Thoughts?