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19 June 2024 | 1 reply
If the buyer did not close or fulfill the obligation then seller could potentially sue for damages - see this more often in wholesale deals.
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19 June 2024 | 0 replies
Massive mold damage and I am a licensed mold remediator.
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19 June 2024 | 5 replies
But since you are the NEW owner, any past storm damage is not covered now soooo....We are not fans of "Solar" so (did you catch that Roof Vent reference!?
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19 June 2024 | 4 replies
I have a separate addendum for pets as part of the lease agreement which outlines pet waste pick up requirements and a hold harmless agreement which cover personal and property damages on behalf of the dog and its owners responsibility.
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20 June 2024 | 7 replies
A bit strange, I thought about this a bit and I didn't know if this could be signs of a sketchy scenario or if it was none of my business (besides the non-existent damage to the doors/ windows).
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19 June 2024 | 11 replies
Miami just had the biggest rain event in history without wind damages.
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20 June 2024 | 4 replies
But almost every realtor who does provides a level of service much lower than a PM because they do not:- Properly document the condition of the property before tenants move in, which hurts the owner on the back end when there are damages.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.
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18 June 2024 | 5 replies
I’ve dealt with water issues before including using water damage and remediation companies.
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18 June 2024 | 0 replies
Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.
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18 June 2024 | 3 replies
Jack MillerProbably but there is also a significant risk because these borrowers typically do not qualify for conventional financing so the default rate jumps from what is on average 3-5 % to well over 10%.Let’s say you get an extra $10 or $20k, I have seen borrowers do a lot more damage than that to a property as well.