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4 September 2024 | 84 replies
Hire an assistant to screen tenants, show properties, and delegate maintenance calls to above mentioned trades... basically handle it all early on and then build into employing those who manage your properties?
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2 September 2024 | 31 replies
Below are a few things I look for in a vacation rental cleaner:1) Hot Tub Maintenance: Since many of my properties include hot tubs, it's essential that my cleaners are experienced in testing water quality and adding the appropriate chemicals as needed. 2) Clear Communication: Real-time communication is crucial for me.
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2 September 2024 | 11 replies
The $1,000/month is a gross number and doesn't include Insurance, vacancy, maintenance, or any other expenses.
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2 September 2024 | 11 replies
I figure if I start out with a low maintenance property, I can lower the learning curve and decrease the stress of managing a business and rental property myself to allow me time to figure things out as I go along.
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1 September 2024 | 8 replies
I used a faucet as an example because that is an item that normally breaks down first and often observe customers walking down the fixture aisle at HD or Lowes looking for the least expensive option, whereas purchasing inexpensive tile or other cosmetic items won't necessarily cause maintenance issues although I would argue will cost you revenue (more on this below).
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2 September 2024 | 8 replies
The platform also lets our tenants report maintenance issues, and see their rental account payment history at any time.
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1 September 2024 | 6 replies
We had already been planning to do some maintenance and repairs (repave driveway, re-insulate attic, replace two broken faucets, other minor items), but were wondering if, for tax reasons, we are better off waiting until we close on the new home and this is no longer our primary.Can this work count toward tax deductions as preparatory work on rental property, even if it's currently our primary?
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28 August 2024 | 2 replies
Looking to off-load maintenance requests by hiring companies, just wondering if anyone have experienced with the companies I mentioned above?
2 September 2024 | 9 replies
Also Dave's, Start With Strategy was really cohesive and really helped me understand what questions to ask even after I had already bought a few properties.As far as condo/townhouse I would say watch the HOA and make sure you know how much, any deferred maintenance and any rules.
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1 September 2024 | 8 replies
When doing your calculations - be sure to include principle, interest, property taxes (what your new ones will be - not what the current ones are - because after 1 year they reset to what you paid on the property), property insurance, and a maintenance reserve (we use $100/door/month on maintenance).