Recommend requesting the seller’s existing ALTA Survey, building plans & floor plans, site map, seller’s prior Phase 1 & environmental reports (easy for them to ask lender for copy), full rent roll detail (including renovated/classic unit indications by unit, sqfts, building #’s, full detail), aged receivables report (will allow you to identify hidden delinquency / bad debt yet to be reflected in T12’s), general ledgers / capex ledgers back at least 3 years to ID major capital projects or damage that wasn’t disclosed initially.

And now water damage to a downstairs condo unit due to poor installation of tub spouts. 

Short term, just for fun relationships can end mutually without collateral damage.

Bumping the deductible up is probably the best strategy as you generally only want to file a claim for major damage.

Hello, this has been our first STR and we started in an upcoming urban area. I think we’ve done a good job updating our property and making the experience great, but I had two recent reviews that I don’t want up. One ...

If you have shingles missing , thats probably from wind or storm damage .

In that environment buying in the hood becomes very tempting, but that little bit of cash flow comes with a huge cost in headaches, the probability of property damage (things like a charcoal grill in the living room) and long term you might just be treading water.Average net cash flow is probably around $200 per door after you have stabilized the property, so you need a few units before it amounts to something.

They are fully responsible for cleaning up after their pet, covering any damage caused, maintaining up-to-date vaccinations, and being liable for any harm caused to people or animals.

Those with higher credit scores don’t want them trashed over pet damage they don’t pay for.