Working with a lender familiar with coliving setups is crucial.

They are MUCH more responsive and even managed to recuperate most of the owed rent via landlord/tenant assistance programs.

Based on your response that's where I'll begin then follow up with a contractor for the ticket price.

Over the years I've seen this happen in other groups, not just with numbers but with responses also.

For example, if your old tenant moved out November 25th and you place a new tenant 15 days later, then you can hold the old tenant responsible for 15 days of unpaid rent.4.

Even if the property owner LLC is named as a co-defendant for construction related liability if you implement the steps I mentioned in my earlier post,  in most instances construction related liability can be deflected to Builder or responsible sub contractors. 

These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.

It’s also great for building a trusted brand in your market.5.Customer Service is KING: Prompt responses and proactive communication are non-negotiable.

It includes space to spell out specifically what the tenant is responsible for.

A neighbor has brought to my attention that a dead tree on my new property is at risk of falling onto their shed and home and that I would be responsible.