Josselyn Jorge
HOI on investment home that's paid off
19 June 2024 | 11 replies
Miami just had the biggest rain event in history without wind damages.
John Sigs
What should I charge for Property Management?
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.
Travis Brown
Water Remediation Threatening Collections
18 June 2024 | 5 replies
I’ve dealt with water issues before including using water damage and remediation companies.
Frank Barletta
Houston: F the Weather but invest anyways.
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.
H. Jack Miller
Seller Financing gets a higher sales price
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.
Tip Mallick
First Post - Landlord friendly states
20 June 2024 | 27 replies
They have straightforward eviction processes, no limits on how high rent can go, and not many rules on money kept for damage or how long someone can rent.
Yasmani Delgado
Whats is your take on the 50% rule when analyzing a property?
20 June 2024 | 26 replies
Again 20-30% is fair.I have an almost 100 year apartment building where I pay some of the utilities. 60% is a fair estimate and it's often more than that.I have a couple of older houses in 'bad areas' where the tenants regularly trash the property causing thousands of dollars in damage and move out in the middle of the night.
James R.
VRBO vs. AirBnB
18 June 2024 | 12 replies
All damage that has been done to our place has been done by AirBNB guest.
Chuck A.
Eviction
17 June 2024 | 12 replies
So, I am not sure how I would pursue damages and unpaid (2 months rent) if I wanted to.In hind site I should have kicked them out, but I didn't - lesson learnt.
Sean Lehmann
What should HVAC system cost in Chattanooga?
18 June 2024 | 7 replies
Very certain we overpaid, but it was a dire situation where the old one broke and had caused water damage and the tenant didn't notice for a month...