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22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
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21 May 2024 | 1 reply
While you’re at it, replace your hardware, too.Add a DIY range hoodA pretty range hood can make quite a statement, and for a fraction of the cost and a little effort, you can transform your space with your own DIY range hood.
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22 May 2024 | 30 replies
They cant be expected to run to the shop, grab materials, install at cost.
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21 May 2024 | 2 replies
I just got a message tonight that they were having an electrician install a thermostat and they didn't finish the job so there are exposed wires and have to cancel.
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19 May 2024 | 8 replies
Since it's low in the back the contractor bid the project to install an injector pump for the 1bd/1ba detached garage conversion to tie into the adjacent house's system.
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23 May 2024 | 52 replies
Without this anti-tip device installed, let's assume your little toddler decides to open the oven door and stand on it to see what you have cooking on the stove top.
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21 May 2024 | 3 replies
So far, I've installed vertical blinds for the sliding glass doors, covered the lanai with mesh and added a whole-house water conditioner, which also includes the reverse osmosis system for the drinking water.What was the outcome?
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21 May 2024 | 0 replies
*Be present or have someone take photos while cabinets are being installed, this saved me from buying an extra lower and upper cabinet as they weren't needed.
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21 May 2024 | 41 replies
You can install a self-closing hinge.
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21 May 2024 | 9 replies
From my experience (I could be wrong) there isn't a format but the estimate should list details like the materials to be ordered and the hours of labor needed for each repair project (for example the kitchen cabinet installation or exterior doors) along with a cost listed for each line item.