The reason for this is that the month-to-month tenant will leave the property sooner and thus you will have to come out of pocket to prep the property for the next tenant (i.e. clean it up, repairs, paint, etc.)

.• Needs lots of new paint, floors, wallboard, plaster repair, fixtures, and updated appliances.3.

.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

Floors, paint and say a roof or hvac. 

I do have good folks for plumbing, flooring, landscape, fencing and paint.

Peeling paint, handrails on stairs and cracked glass are no-no. 

Thanks, Jimmy (RIP).

Have you ever seen a proforma painted in a negative light?

.• Needs lots of new paint, floors, wallboard, plaster repair, fixtures, and updated appliances.3.

I did, well as they say no good deed goes unpunished, she ripped me off for 10k.