Connor Thomas
How to fix this BRRRR when my ARV is less than planned
7 November 2024 | 27 replies
If piti is $1100 and rents range from $1000 to $1200, conservative underwriting would use the lower of the rent range, we have $1100 rent - $1000 PITI - $120 PM - $50 (vacancy) - $300 maintenance/cap ex - $50 misc (tax man, asset protection, book keeping, utilities that are not tenant responsibility such as for a slab leak, etc) is about negative $420/month.
Alonzo Moreland
Ending a month to month lease with a problem tenant
31 October 2024 | 9 replies
I also had two separate licensed plumbers check the plumbing for leaks and there are none.
Deborah R.
Repair Roof or just Wait for a Storm?
30 October 2024 | 12 replies
Not currently leaking anywhere.
Cassy Trask
Spring Dr. - mom-inlaw suite
31 October 2024 | 0 replies
I had some minor water leaks and some subfloor issues that overall did not amount to much, but I had to have an vacancy to fix later.
Jamie O'Connell
Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
Otherwise, an S8 tenant has no incentive to report a water leak or running toilet.4) Give them an inch & they want a mile: tenants that aren't working, or barely working, have nothing but time on their hands to come up with ways to scam their landlords. $5 to these people is a bid deal!
Andrew Syrios
Charging a Monthly Maintenance Fee
29 October 2024 | 13 replies
Hi everyone, we are thinking of charging a monthly maintenance fee to cover our semiannual preventative maintenance inspections (where we check for leaks, clean the AC unit, replace the furnace filter, etc.) and also a once a year gutter cleaning.
Marc Shin
best modem and WiFi Router for STR's
28 October 2024 | 13 replies
The more expensive routers will almost certainly be dual band and have an auto-detecting feature to determine which band to assign for each device that is connected.
Greg Geaski
Property management software
28 October 2024 | 4 replies
If the leak is due to the software I would switch to a bigger more national brand instead of some company that is smaller and has the ability to have cyber issues.
Jerry N.
Any recommendations for smoking detectors?
24 October 2024 | 5 replies
Looking for something to detect Cigarettes, Vaping, Marijuana, Hookah, etc.
James Harryton
How much is too much
28 October 2024 | 24 replies
$1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).