I've had a building burn to the ground and a fire resulting in partial damages, luckily no one was injured in either.

. : $90,000ARV: $220,000-250,000CLOSING DATE: July 24, 20241,594 sqft living space 6969.6 sqft lotRoof/Ceiling: Damage from recent tornado.

Flooring can be a basic vinyl or even a DIY job using peel & stick flooring.Expensive materials is more risk for the landlord because when they get damaged there is more likelihood you will lose money on the deal because collecting damages exceeding deposits if difficult.

Insurance companies, and this includes umbrella policies, will deny or challenge your claim especially if the damage / claim is high and based on negligence or any fault of your's, READ your small print and don't think you are so good at landlording that accidents won't happen.

One of the allowed deductions beyond material damage is wear tear beyond what would be considered normal.

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

Need to re-paint walls, doors and trim.3 Bedroom 2 Bath, 1300 sqftHi Brian,I pay between $2.50 to $4.50 a square depending on the house and what type of paint you want and is there damages or dark colors, smells etc... 

I have a house in BA being rented out,  to price is a set amount and that's what they shown in disbursement to me, however I got a copy on the current leasing agreement with the tenets and found it that they are charging tenets an additional fee for the appliances I provided,  as well as the pet fee,  both of which they are keeping, and if an appliance breaks or carpets are damaged,  i have to replace them... is this legal?

The company I've used in the past in no longer providing the service of reporting delinquent rent charges & damages to the three major credit bureau's. 

I agree there was an element of risk, in large part due to my being early in my career and the lure of cash in hand.