
7 October 2024 | 35 replies
If you manage it yourself, tenants likely manage simple fix themselves.

2 October 2024 | 8 replies
You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

5 October 2024 | 14 replies
As others have mentioned you start on Form 4562, but in my opinion you should have a simple google sheet or excel to track all of this for your properties.

2 October 2024 | 4 replies
A simple example is that they called to tell me the hose was left on in the pool.

3 October 2024 | 17 replies
He apologized for the lack of communication.

1 October 2024 | 9 replies
All communications have to be through email, which is some cases is great, but in others it is horrificly time-consuming and inefficient.
1 October 2024 | 2 replies
Any paper trails that should be in place or is it as simple as giving notice at the right time next year and not renewing the lease?

4 October 2024 | 4 replies
If booking direct and he has no reviews I would have him sign a simple lease, do a BG check, and have a reasonable deposit.

5 October 2024 | 2 replies
(to keep things simple)Property was primary residence for Person A from original purchase until 01/2020.

4 October 2024 | 1 reply
Turning a single-family into a multi-family is simple.