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23 September 2024 | 13 replies
High likelihood of low maintenance for at least the first 5 years, depend on the build quality of the house.
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27 September 2024 | 48 replies
From a “landlording” lens, however, I’d recommend recruiting a solid team of locals (e.g. attorneys, leasing agents, property managers, contractors, etc.) who can help you with closing, leasing, maintenance, repairs, and capex.New construction and turnkey assets are also popular among long-distance investors, since you either won’t have to do much maintenance or capex at the outset (in the case of new construction) or can work with a single, full-service point of contact (in the case of a turnkey property).
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24 September 2024 | 9 replies
Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.
24 September 2024 | 10 replies
When I buy properties I’m looking for newer properties, in nicer neighborhoods, with almost zero exterior maintenance.
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23 September 2024 | 4 replies
I simply budget 5% for capital expenses and 5% another 5% for maintenance and work with the money that accumulates in that pot.
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25 September 2024 | 11 replies
It is usually a tenant moving to a new area, because of a new job and they just want to be done with their trailer.I have had the disgruntled situation come up when I stopped using the on-site maintenance man and made him pay full lot rent like every one else.
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23 September 2024 | 8 replies
However, some costs like repairs, maintenance, and certain other operating expenses incurred while the property is being rented out can be deducted in the year they are incurred.
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24 September 2024 | 8 replies
Buildium would help with the expense tracking but also enable PM tasks such as lease renewals, maintenance requests, rent collection, etc.
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23 September 2024 | 25 replies
The only way to effectively determine this is by driving neighborhoods, walking properties & observing the daily routines of those who live there.
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24 September 2024 | 15 replies
Make sure to check the Yield Maintenance on the program!