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21 November 2024 | 21 replies
That does not qualify as "managing repairs."
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23 November 2024 | 4 replies
don't have to have all the functions just wanted to know what will be recommended. thank you 1. rent collections; 2. late fee handling; 3. auto eviction; 4. 1099 / report; 5. repair work order/ maintenance requests; 6. listing and screenings etc
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20 November 2024 | 1 reply
Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.
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24 November 2024 | 19 replies
If you decide to self manage and want help with other functions we can totally help out.We also buy and sell real estate (candor realty), have a repair and maintenance company (CMR Construction) (includes snow plowing, lead abatement and full fledged rehabs) If you need any of those support services please let us know.
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14 November 2024 | 7 replies
This documentation will be helpful if you ultimately decide to charge the tenant for repairs.
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22 November 2024 | 6 replies
If you spend it now, you lose your leverage for the rest of the lease, and you'll have nothing to handle unpaid rent, cleaning, or repairs after termination.You are starting down a dangerous path.
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21 November 2024 | 1 reply
My limit is set to $500, and I never was sent a request for this repair.
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22 November 2024 | 24 replies
It wasn’t a detailed plumbing drawing- he had shown one line going to all units while the contractor pointed out that it is better to show individual lines to each unit as repairs and maintenance are easier. and some towns even require it .
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1 December 2024 | 377 replies
With a full time job even 15 units gets tough between collecting rent keeping repairs up, preventative maintenance, looking for new deals, managing refinances, etc.
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21 November 2024 | 1 reply
If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well.