Do you increase the rent by strictly calculating the increases in your insurance, taxes and etc ?

Maybe insurance will cover it.The property manager can't possibly sit in a rental 24/7 to ensure nobody squats.

THE LIE - this occurs when the wholesaler shows the homeowner false  comps or provides false information which lead the homeowner to believe his property is worth significantly less than it is.  

Add to that insurance costs, etc. and it's not looking good.However; what Trump can do that will help is to cut out some of the environmental regulations, etc. that drive the costs of development up. 

Your first concerns should be your operating procedures and insurance.  

Obviously I will have a title search and get title insurance but I assumed they would still be required to fill out a SD but maybe not.

.- Sectio 8 also requires taxes be current.3) Insurance: we require an owner to add us to their policy for liability protection.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.

He was also featured on the local news station for his innovative work.The tenant is of course taking no responsibility for any of his actions or the damage, and he mainly just throws out empty and somewhat comical threats about a team of lawyers on standby, accusations of insurance fraud, and leaving bad reviews for the property manager.

The other issue is forest fire risk plus insurers are dropping policies and most insurers won’t write policies there anymore.

Fix and flip will be tougher in Tampa right now as insurance costs are very high so vacant insurance while doing a flip is probably in the stratosphere.