Repairing water damage and fixing broken items is the bear minimum for a landlord.

She then got a message from the tenant yesterday that said: "I know the plumber came but we did not have hot water yesterday and again this morning.

If you have class C rentals, I like to use Traffic master Grip Strip Water Resistant Luxury Vinyl Plank Flooring.

This means, no electricity and no water as the well can't pump - which also translates to you get one more flush on each toilet and then you are done.  

They know the tenant base, median rents of different areas, how much to increase rent each year, ranges of repair costs (ex: tenant calls and says AC isn't working, no hot water, faucet is leaking, the HVAC system goes out).

To manage this, find the average electricity, water, and gas usage in your area.

Maybe find out you didn't replace cathodes, and the water is harder there.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $4,000

Cash invested: $15,000

Bought land with 5 mobile homes on it cleaned it up now it's my construction y...

Going to find seller financing deals with 0-10%, finding limited partners who want to double their money in 2-3 years and cover all cost, pure sweat equity.If i close on a multifamily thats worth $1m now, 10% down seller financing so bank isn't involved, after value add it's worth $1.5m, that's a 5x on cash.

You should be calculating Cap Ex for all long term items that will need replacement at some point - appliances, roofs, ac, water heater, etc.