The surprises are often avoidable if not for bad underwriting......specifically underestimate renovation costs or operational costs.....overstate rents or "as complete" valuation.

.💡 How do you keep rehab costs under control and avoid surprise expenses?

I wanted them to be on the same page as me as to why we decided to change it out and why they should start a gas service, and Also that they should not be surprised if they find their first electric bill to be a bit high. 

If neighboring residents are reporting the noise violations to the non-emergency line, be sure to ask them to notify your PMgr each time in order for the office to document the complaints.

Once you've done that for a couple years, you should have an emergency fund and the money for a downpayment.

Cash Reserves & Emergency Fund✅ Have 3-6 months’ worth of expenses (mortgage, insurance, taxes, and maintenance) saved.✅ Keep an emergency fund for unexpected repairs and vacancies.2.

Cost of Living and Affordability: Texas has been known for its affordability—how does it compare to other emerging states like Tennessee, Florida, or North Carolina?

I get a text for non-emergency repairs over $250. 2) Your return on equity is horrible.

You need those cash reserves as an emergency fund that makes your life better and less stressful.

.🔹 Co-Living is Gaining Legal Ground:Colorado eliminated all restrictions on the number of unrelated adults living together statewide as of July 1, 2024, marking a major victory for co-living advocates.This week, Jacksonville Municipal Court ruled in favor of PadSplit, voiding citations for “illegal boarding houses” on constitutional and fair housing grounds.Cities like all over like Washington D.C. are considering zoning reforms to allow more co-living developments as an answer to the housing crisis.As Airbnb restrictions tighten, co-living is emerging as a scalable and legally sound alternative that balances affordability, tenant stability, and community needs.