
16 November 2024 | 3 replies
Emergency Maintenance: Regular maintenance is on the owner, emergency repairs might be charged to tenants if they caused the problem.By proactively managing these expenses and clearly communicating responsibilities to tenants, property owners can maintain their properties effectively while minimizing unexpected costs.

20 November 2024 | 45 replies
And it all thus incentivizes the correct future actions of others.

22 November 2024 | 24 replies
If you didn’t specifically advise on what to do, they drew it a specific way at the end of the day you approve the drawings to be built so it’s not their fault it appears and they should be compensated for the revisionIf it’s something they screwed up (does not appear to be case here) - then they correct their error

20 November 2024 | 37 replies
You still may have negative cashflow, but it may be smaller, so is addressed by rising rents sooner.As a professional in the Build-4-Rent space, let me make some corrections here.

18 November 2024 | 13 replies
I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

12 November 2024 | 8 replies
You are losing money every month, and you will lose significantly more when they finally move out or you try to sell.The correct answer is to stop trying to fix them.

21 November 2024 | 14 replies
If this is the case I think I understand everyone correctly.

1 December 2024 | 377 replies
Awesome Colin, thats amazing and very encouraging, I am not remotely where you are in regard to business but I took risk a in 2013 and went on my own and you are correct, so many doubting, warned, and discouraged me.

16 November 2024 | 6 replies
The property is fully rented, close to University and a local hospital, which should support stable tenant demand. im willing to put 20% down payment, Im not sure about the costs that i should think of other than (management fee, vacancy, taxes, insurance , Maintainance) am i missing soething here (but Im saying 55 to 60% cost of the income).

18 November 2024 | 12 replies
To thrive in real estate investing, you must maintain a firm grip on your finances.