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25 December 2024 | 10 replies
If the tenant is belligerent it could go bad fast.
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20 December 2024 | 27 replies
You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this.
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11 December 2024 | 6 replies
There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.
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23 December 2024 | 12 replies
Second: writing off the full cost of a new car is badly overhyped.
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19 December 2024 | 22 replies
It's winter, hard to find tenants. the last thing we want is bad tenants who don't pay, though, so while it is listed a bit lower than market it is not a screaming bargain.
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17 December 2024 | 11 replies
Asana and Monday are indeed popular choices, but one tool that's come through for me has been this performance tracking tool.
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20 December 2024 | 9 replies
Hi Brandon, That does seem bad for you to live there.
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16 December 2024 | 21 replies
The areas to be painted and the choice of colors will be agreed upon by the Lessor before painting begins.
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20 December 2024 | 4 replies
(They also assured me I would not take the algo hit.)I no longer default to pre-approval as for me, it's bad for business.
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23 December 2024 | 14 replies
Unfortunately I had a bad inspector who missed a lot which made it about a $60K renovation instead of what I planned for which was $15K.