
6 July 2024 | 11 replies
The property I got is in the medical center, a $260k, 4 bed, 2.5 bath house, newly replaced roof, 20 year old AC, 20 year old water heater, all old appliances basically, high water pressure, and yeah overall outdated house that needed some touchups.

6 July 2024 | 7 replies
Cap Ex was relatively high last year due to a water line leak wiped out a good portion of the profits the Cap Ex that year was around 48%of rent since rent was lower.

6 July 2024 | 12 replies
Now if you have a general person who stops in to do other small tasks or do more property management style tasks (walking through the house to inspect for damages, drop anything off guests may need, change water/HVAC filters etc.)

6 July 2024 | 2 replies
I cannot overstate the importance of finding a way to build a good rapport with your tenants as early on in the acquisition process as possible, as it will minimize or prevent countless headaches further down the road.When I took over my duplex with an inherited resident in one of the units, I had this conversation with the tenant prior to closing and found out that the toilet in their bathroom was clogging once or twice a week, and their shower head water pressure was super weak.

3 July 2024 | 14 replies
If you feel any pressure, ask them to bear it themselves or keep the trim.One of the most important lessons you'll learn in life is resisting the fear of missing out and the pressure to say no to things just cause of the environment you're surrounded in.

7 July 2024 | 36 replies
Older buildings, lots of water, insurance issues.

5 July 2024 | 4 replies
One of the restroom water pipes broke over the weekend and flooded the whole office that would need a major renovation.