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4 September 2024 | 2 replies
A bit of a more advanced exit strategy, but one that can be extremely profitable when implemented correctly.We spent $18k to clean out the place and then we turned around and made $40k after cleaning costs, closing costs, and commissions.
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4 September 2024 | 8 replies
And of course make sure the property is comfortable and clean.As for cleaning & maintenance, I found few companies who can take care of that.
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6 September 2024 | 3 replies
However through my research i keep coming across this term sneaky duplex where people turn there basements into a unit or block off part of there house to turn into a separate unit. my plan is to use the basement for traveling nurses because you would already have the water and power turned on for them "house is 5 minutes away from the hospital", live in the upstairs for a year and possible house hack one of the rooms.
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10 September 2024 | 34 replies
You can read for yourself here: https://www.clevelandheights.gov/205/Point-of-Sale-Inspectio....If I understand correctly, they must disclose it before they can accept your offer and they should make the required repairs before they can sell the home so that you have a clean Certificate of Compliance.
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5 September 2024 | 3 replies
I'm thinking/hoping that perhaps with the LVP the urine will stop on top of the flooring and the smell will be bad enough that the tenant will have to clean it up.
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4 September 2024 | 4 replies
The above photo is old copy and has been updated on the following page: https://www.biggerpockets.com/blog/pro-partnersSelf-manage unlimited rental properties – powered by RentRedi.Screen tenants, accept applications, and e-sign leasesCollect rent online without any hidden feesReduce vacancy with syndicated network postings and professionally-designed listingsRentRedi is typically $19.95/month, but Pro members get it for FREE ($240 annual value)Please let me know if you have any issues accessing your account!
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4 September 2024 | 13 replies
I basically group the business into 2 segments, administrative tasks (pricing, marketing, guest communications) and field tasks (cleaning/maintenance).Part of being a successful operator of anything, you have to know your strengths and weaknesses.
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31 August 2024 | 0 replies
Have you replaced your water heater anode rod with a powered anode rod, such as one from Corro-Protec?
6 September 2024 | 9 replies
If you remove the water source and clean the mold, it will not return. https://www.epa.gov/mold/brief-guide-mold-moisture-and-your-...2.
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6 September 2024 | 11 replies
To qualify, property owners must meet specific criteria:Guest stay duration: Rentals must average no more than seven days per guest.Service level: Owners must provide services comparable to a hotel, such as daily cleaning, meals, or transportation.