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8 November 2018 | 100 replies
Although I'm not speaking from experience (I was in oil and gas in 2008), if your leverage had been in apartment complexes would you have had as many problems getting tenants to pay?
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17 October 2018 | 8 replies
They said bad original plumbing and roof leaking combo with all the rain we had.
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10 October 2018 | 2 replies
The Village where the building is has now sought a demolition order for the building due to; smoke alarms, improper boiler venting, leaking gas lines to stoves, and leaking roofs over the front and rear entrances.
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15 October 2018 | 34 replies
Utility collections go hand-in-hand with that, if they don't pay their lights/gas, their home expense isn't top priority (over say, a cell phone payment or cable), so you can expect rent won't be top priority above all else.I rent mostly in low-c areas to immigrant populations, so my tenants don't always have social security numbers and credit scores.
25 October 2018 | 193 replies
On top of that, what if all of a sudden you need a new roof, or windows, or a sewer line, or the irrigation system freezes, leaks and floods the basement, or a fire guts the place and your insurance only covers some of the vacancy/rebuild costs, or a flood washes it away and you didn't have flood insurance, or your tenant stops paying and their estranged lover/stiffed drug dealer breaks in and destroys the place, or any one of a myriad possible bad things happens because you have an investment that hinges upon human behavior, and therefor needs constant baby sitting, and 5 years of your glorious $500/month is wiped out in one afternoon, and the bank takes the property?
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12 October 2018 | 37 replies
Just like food, water, cars, gas, etc. etc.
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12 October 2018 | 4 replies
Whatever I get I will plan on having tenant pay water and gas, $812 is the average of the current tenants total.
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30 October 2018 | 13 replies
They may be fine now, but in the summer the heat gets through the first layer of shingles and the second layer will eventually curl, causing flat pockets of water to form that will eventually leak down through and destroy the sheathing and the rafters/drywall underneath.
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14 October 2018 | 14 replies
Ask some basic living in their current property, such as "Can you describe what it was like in your current place when there was a leak?"
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13 October 2018 | 20 replies
As I write this, I am having a radiant gas-powered 150ft heated driveway installed (it's a steep driveway that faces north) and I will be relisting this property in a week as soon as the new concrete is poured.I'm wondering if I have it listed way too low, and if this could be a reason it hasn't sold yet.