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13 October 2024 | 54 replies
Since the Utility Bill will change each month, each tenant's portion will also change each month....Easy Example: Say we manage a 2 family with 6 tenants/residents in total: 4 people living upstairs in Unit 2, and 2 people living downstairs in Unit 1: If January's water bill for the whole building is $100, then February's Rent for Top Floor Unit 2 would have an extra $100 x 4/6th (or 2/3 rds) added on = $66.66February's Rent for Bottom Floor Unit 1 would have an extra $100 x 2/6th (or 1/3 rds) added on = $33.33I always send each Tenant a copy of the entire building's Water bill, plus a cover page with a detailed explanation of the billing-breakdown.Make sense?
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13 October 2024 | 18 replies
I have a tenant in Arizona, who moved in a month and a half ago.they keep complaining that the master bedroom is too hot.The whole house is ok but the master bedroom is hot.I offered them a portable ac, they refused took it but did not install.I offered to have a handyman come install it, they said they can do it themselves.I offered the ac guy to come check on the AC and asked them to call the guy, because he likes to schedule with the tenant directly, but they have not called himI asked if they waned me to schedule with the AC guy,- silence.They complain but wont let me schedule for them.I understand that the tenants are just complainers, but I want to cover myself legally.So in case, if they decide to take me to court, I would not be liable.What is the best way to deal with things like that?
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11 October 2024 | 2 replies
The neighbor A had a conversation with tenant and the tenant said their renter insurance won’t cover it due to the act of God.
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11 October 2024 | 3 replies
However, the property taxes increases in my area and now the rent no longer covers the mortgage.
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20 October 2024 | 147 replies
.: This thread is heated and calls for a relaxing bath 🛀🏻 G Jonathan has posted his bath pic now Vg Jason please post your bath pic next Hella nice bathroom broThe brick was covered by sheetrock on the first and second floors so we pulled it and got this surprise and kept it.
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10 October 2024 | 2 replies
This rental income will not only help you cover your mortgage payments, but it also provides passive cash flow—one of the main reasons people get into real estate investing.
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10 October 2024 | 31 replies
After moving out, I’d still be out of pocket $750 to $1,500 a month to cover vacancy, capital expenditures, maintenance, and property management.
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11 October 2024 | 11 replies
Currently my STR is doing great during the busy summer season in SC and covers my offseason which is fantastic, but I'd like to maximize my income with this property.
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10 October 2024 | 7 replies
Most DSCR are LTR loans and use LTR income to cover the debt but you are free to STR the property if you would like...I think that is what you mean??
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13 October 2024 | 19 replies
We cover topics relevant to MTRs and often include guest speakers on topics ranging from financing your MTR to co-hosting to getting insurance placement bookings.