By this time 18 months have passed and the property through neglect, no maintenance, loss of tenants, etc. may appraise for significantly less than amount owed.  

It’s an investment that will likely pay off in terms of durability, maintenance savings, and overall property value over time.

This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.

I would also talk to property management and community banks in your market for what costs are.Cap ex is not repairs and maintenance.

A Heloc is nice if you want to use a small amount and then have a small payment but a Heloc is meant for small projects and maintenance.

Here's a list of some things I've consumed and think were worthwhilePeter lohmanns podcast, newsletterWolfgang croskeyPM podcastsprofitcoach webinarsEvernest podcast and webinarsNARPM leadsimple webinars, blogsproperty meld webinars, blogs (maintenance focused)there's probably a lot more, but that's enough to get you started and you'll find more by going through those. 

Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

I guess the purpose for this is to help fund community improvements and maintenance though it's a bit unusual since HOA fees and property taxes typically cover these.

Hello,I have a question regarding a maintenance cost and if this could be pushed to the tenant.