All Forum Posts by: Tyrone Marson

Completed due diligence on rental property I have under contract. Outside the main column support has a huge crack, so much that the current owner has four metal braces to keep it from shifting, basement subfloor is caving in and the furnace is not working. How much can a foundation issue cost to fix?

@Michael Kissi thank you. Will definitely make a list. Currently reading the BiggerPockets book on managing rental properties.

@Todd Pultz great insight and I definitely will take these points into consideration. Thanks for your feedback.

@Alan C. I didn’t know. That is great information.

@Ozzy Sirimsi I definitely will be rolling my sleeves up and getting involved. However, my agent was telling me she manages every single aspect of her rentals except the evictions. She said once her tenant misses rent and doesn’t pay in the legal allowable grace period, she contacts a PM to file eviction paperwork and pays the PM to just handle that entire process including going to court. Seems like a viable option I could use. What you think about her process of outsourcing evictions?

@Mike Morawski will do. Thanks

@Mike Morawski thank you. I am going to definitely give it a shot and self manage the property.

@Sherman Ragland thank you for this information, this will help me a lot.

@Randall Alan understood.

@Alan C. Point taken.