
30 October 2024 | 28 replies
As far as the legality of sober living homes they have a good bit of protection at the federal level from local government discrimination since people in recovery from addiction are a protected class, however some cities and counties have occupancy laws and certain codes that conflict with the sober home model and oftentimes the neighbors are not keen on having one next to them.
28 October 2024 | 5 replies
When a tenant leaves owing $2,000 in damages, reporting them to a credit reporting agency may pressure them into paying you to protect their credit.

28 October 2024 | 7 replies
The primary goal is to protect the owner’s investment, maintain property value, and ensure a steady cash flow.Why Property Management MattersMaximizing Income: One of the key goals of property management is to ensure that the property is generating the highest possible return on investment (ROI).

29 October 2024 | 6 replies
@Raghavendra Jakkani wanted to add that some states, source of income is protected so you can’t exclude income sources that may come from child support, government assistance etc.

30 October 2024 | 15 replies
You'll want to protect yourself from a potential personal injury suit.Lastly, you'll want to get the eviction process started with the courts.

29 October 2024 | 5 replies
If your property is owned by an LLC using it for personal use may negate any liability protection the LLC would have offered. 6.

28 October 2024 | 3 replies
If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

28 October 2024 | 4 replies
@Angel Peng you may want to consider registering an LLC to protect yourself from liability.

28 October 2024 | 24 replies
$1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).

28 October 2024 | 4 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.