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15 November 2024 | 10 replies
I prefer a single basin from a maintenance perspective and typically always use this in rentals.
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17 November 2024 | 30 replies
., repairs, maintenance, insurance) associated with a rental property.
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12 November 2024 | 6 replies
The 500-hour rule means spending at least 500 hours actively managing your rental property, which could include things like tenant communication, maintenance, and bookkeeping.You can also group multiple properties together as one “activity” to make reaching the hours easier.
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11 November 2024 | 5 replies
If you feel the need to let them know you will be taking care of any outstanding maintenance requests, that may be positive news for themGino
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11 November 2024 | 5 replies
Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.
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11 November 2024 | 14 replies
I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.
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11 November 2024 | 9 replies
3.Additional Fees: Are there other fees I should consider, such as maintenance coordination, lease renewal fees, or vacancy fees?
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20 November 2024 | 45 replies
If they can lower my tax, I could lower my rent the same annual deviation as an abatement.
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4 November 2024 | 16 replies
Hi, Does anyone know where to find Pasha's Residential Maintenance System spreadsheet discussed in episode 784?
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13 November 2024 | 17 replies
In particular, OO does not have vacancy or PM and typically has cheaper maintenance/cap ex than the landlord would experience.https://www.realtor.com/news/trends/its-now-officially-cheap...if you use realistic expenses, purchase at retail (off MLS) without a value add, you will have negative cash flow on virtually any purchase.