You’ll thank me when eviction drama hits, or turnover costs come calling.Fines = Behavior TrainingSometimes, tenants behave worse than toddlers at a candy store.

Here’s what CCC looks like when applied to large multifamily properties:Key Elements of CCC1.

It's like playing the couponing game and a store gives you money at the check out.

Would you think a store that had a small step at the front would be compliant if they had a small metal portable ramp they could lay down over the stairs in case someone in a wheelchair were to come?

She said she has had to pay out-of-pocket for exterminators and plumbers after getting no response to pest and leaky-pipe complaints to RAD’s property managers.Another tenant of a Mendenhall-led fund, Terry Golden, 41, said he has been dealing for about a year with a flooded basement that his property managers have neglected to repair at his 880-square-foot home in West Philadelphia’s Haddington section.His living and dining rooms are piled high with belongings he’d previously been storing in the basement: furniture, appliances, trophies from his days coaching little-league football.

Since this is the tenant's money, I want the bank calculating and holding everything versus storing balances in my spreadsheet.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Again, not blaming Roofstock because it's not necessarily their fault... it's just the nature of their marketplace and so many unknown element that can lead to things like this.

It can be like the clothes nobody wanted at the dollar store, it wasn't going to be great to begin with and what was usable in some way is already gone.

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.