I’ve gotten quotes ranging from $6,500-$12k to repair and waterproof the exterior walls, plus there's the added cost of repairing and repainting the inside walls.

Many projects go over budget due to unforeseen repairs or delays, and having a financial cushion is critical to staying on track.4.

Run the numbers, but if the 1960s home hasn't been maintained, you may have some expensive repairs coming up. 

If your lease includes this provision, I recommend issuing a lease violation notice for not allowing maintenance to enter and carry out essential repairs.  

When interest rates went up, I was having to leave too much capital in deals in my target market, usually more than my acquisition outlay and rent-ready repairs.  

I also make it a point if I have a repair or service being done at the property it gives me a chance to see the inside while I over see the work being done.  

They have gotten repair quotes 2x what the market is (I'm convinced contractors give PM super high numbers because they know they can), they put the contract in touch directly with the tenant (so they aren't even managing the repair), and now they don't seem to be acting very quickly to collect rent or get the tenant out.  

I recently purchased a rental property and discovered it needs more extensive repairs than I originally anticipated.

I know that certified mail is nesc for official notices like lease renewal, rent increase, notice about bad behavior etc but what about day to day stuff like repairs?

Once on the verge of being scrapped, the ship has undergone $45 million in repairs, boosting visitor numbers and profitability.