
30 August 2024 | 7 replies
Does your lease say notify you in writing with maintenance issues?

30 August 2024 | 2 replies
Personally I'd disable, winterize, or remove it due to costs of maintenance.

30 August 2024 | 3 replies
But you will hear how we respond when vacancies and unexpected maintenance issues arise.If you have trouble getting the feedback you seek, please contact me.

30 August 2024 | 6 replies
Phillip DakhnovetsGuardian Property Management & Maintenance

30 August 2024 | 12 replies
She is willing to sign on as the main tenant which means she is responsible for the apartment. my thoughts thinking out loud:the other prospective tenants have income issues so at least in this case I know the rent will be paid. the mother has pretty significant assets (low 6 figures + another 6 figures from sale of the house) if he destroys the property I could go after her for it right?

29 August 2024 | 6 replies
You only need a place to track tenant information, payment history, maintenance, etc.

28 August 2024 | 3 replies
But if you allow tenants to have pets it is not maintenance free and needs to be cleaned/sprayed down etc.

28 August 2024 | 9 replies
Also got to think about maintenance which most investors set aside 15-20% of the rent just in case.

29 August 2024 | 3 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

30 August 2024 | 16 replies
My lease states that the leassee is responsible for all guests, so mostly I use that, but essentially yes add to lease or have them officially sublet from the main tenant and send me a copy of the sublease.