
20 November 2024 | 1 reply
Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

19 November 2024 | 3 replies
.- You could also try selling to another naive investor, but you don't have the infrastructure to do so easily. 2) You'll need to evict the tenant if you haven't already.3) Have 2-3 agents tour the property and take videos of their recommendations of repairs.4) Review all of these to create consensus Scope Of Work (SOW). 5) Get 2-4 bids on the SOW6) Review bids to determine cost effectiveness of what to actually do.

1 December 2024 | 377 replies
With a full time job even 15 units gets tough between collecting rent keeping repairs up, preventative maintenance, looking for new deals, managing refinances, etc.

18 November 2024 | 35 replies
Try to at least leverage for a 2-year lease.Just be sure your lease states the appliances are "as-is, where-is", so:1) You are NOT required to repair them- Many tenants abuse them, so you don't want to be liable to repair.- Good tenants you can choose to repair.

22 November 2024 | 6 replies
If you spend it now, you lose your leverage for the rest of the lease, and you'll have nothing to handle unpaid rent, cleaning, or repairs after termination.You are starting down a dangerous path.

22 November 2024 | 24 replies
It wasn’t a detailed plumbing drawing- he had shown one line going to all units while the contractor pointed out that it is better to show individual lines to each unit as repairs and maintenance are easier. and some towns even require it .

17 November 2024 | 7 replies
I definitely recommend that you seek out a Certified Cost Segregation Professional so that you are confident in the quality of the work performed and the deliverables produced.

21 November 2024 | 1 reply
My limit is set to $500, and I never was sent a request for this repair.

19 November 2024 | 2 replies
I also cherish spending quality time with my wonderful fiancée, Miranda.I can’t wait to connect with all of you!

14 November 2024 | 7 replies
This documentation will be helpful if you ultimately decide to charge the tenant for repairs.