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12 June 2024 | 46 replies
You definitely need insurance - one hurricane could wipe you out or cause enough damage to where it essentially (not literally) still wipes you out.
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10 June 2024 | 39 replies
The sooner the better and hopefully with as little damage to the property as possible.
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10 June 2024 | 7 replies
Expect to find less desirable properties, deferred maintenance, low curb appeal, maybe even damage that needs to be repaired.
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9 June 2024 | 8 replies
"for $___/year, we provide "x" additional inspections")6) Liability policy that covers tenant intentional damage, criminal acts, and unpaid rent when skipped or evicted (through insurance provider that provides this kind of coverage)7) Financial reports per quarter (as whatever period makes sense to you) (this can allow you to advise the owner on the health of their portfolio)8) End-of-year review of the property to show conditions and suggested needed and preventative maintenance items 9) Preferred vendor discounts (requires a contract with a vendor to give better pricing)10) Eviction protection programs (this is usually done "in house" when you have sufficient number of units under your management to be able to offer this kind of program)11) Legal services (requires agreement with landlord attorney to provide those services at set fees)12) Professional photos option (for enhanced listing)13) Professional, licensed home inspection (this is more relevant for older homes to ensure safety and habitability are addressed) 14) HVAC filter replacement program (this can also be a program offered to tenants)15) Pet and ESA screening through pet screening vendor (helps to streamline and increase quality of screening)16) Client portal account for ease of communication, updates, reports, etc.
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9 June 2024 | 13 replies
I'm assuming that once these platforms become more accepted as just another asset class (no different then mutual funds) to invest in for one's retirement (and I do believe we're going that direction) the restrictions on who they let fundraise on their sites will actually decrease a bit as the occasional blow up will do far less damage once RE crowdfunding has a lengthy track record.
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9 June 2024 | 40 replies
Scott, A couple of things here: 1) If this is true, and you will be getting $10M, then you should be cautious - alerting people to an amount of money this large can be dangerous, and you will get advice looking to separate that money from you from very hungry people, who will come off as very polished, but who can really do damage to your wealth.2) If you are coming into $10M all at once, then depending on the source, you will pay taxes on this.
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8 June 2024 | 4 replies
AlsoMake sure you have insurance as temp fences fall down all the time and can cause damage to vehicles or things nearby
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9 June 2024 | 21 replies
Explain the damages that can and will result and that he/she would be responsible to pay for any damages.Most likely probably doing it to save money in heating costs.
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8 June 2024 | 7 replies
I imagine a situation where you rent an expensive piece of machinery, and then their employee damages it, and now your left trying to collect from their insurance while being on the hook with the rental company.
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8 June 2024 | 7 replies
We served a 30-day notice of termination.If they reported it, paid for damaged, and promised to keep the weapons empty on the property or stored somewhere else, then I may consider letting them stay.