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17 September 2024 | 26 replies
Also in some states you can accept a payment (like PA) after demand and complaint and others like ohio you cannot.
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7 September 2024 | 36 replies
They filed 4 complaints jointly, and 4 each individually (12 total).
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20 September 2024 | 114 replies
.), $2.1K of travel (flights & rental cars), $2.3K in software subscriptions (PMS, etc.) and $300 in mealsManagement Fees ($1.7K) - PM fees, booking platform fees, etc.Cleaning Fees ($6.2K) - pass-through charge for guestRepairs & Maintenance ($10.5K) - General R&M ($1.5K), Painting ($1.2K), Plumbing ($1.5K), Pest Control ($500), R&M Supplies ($500), Labor ($3.5K), Linens, Soaps, Consumables ($1.5K)Legal & Professional ($1.5K) - LLC setup & lawyer fees ($350), inspections ($1.1K)Utilities ($6.4K) - Gas (avg. $63/mo.), Electric (avg. $121/mo.), Internet (avg. $60/mo.), Water & Sewer (avg. $107/mo.).Please let me know if you see anything glaring or things that I can work on bringing down or eliminating completely.It's important to note that up until I hired the full-service PM in April '24, I was self-managing from out of state and paid a local boots on the ground resource when needed.
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12 September 2024 | 2 replies
There are only two legal classes of rental STR are those less than 30 days, and LTR are those longer than 30 days.
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13 September 2024 | 9 replies
Pref Rents are below "legal max" and can potentially remain there forever (or as long as that tenant exercises their legal right to renewals... allowable increases are based on the Pref rent as well.
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13 September 2024 | 8 replies
LLC is just for legal protection here as the LLC is a passthrough entity for tax purposes.
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15 September 2024 | 18 replies
Of course, you might want to consider the possibility that there is a real legal reason why they don't want anything to do with the problem, like they didn't actually have the right to give you a deed.
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13 September 2024 | 1 reply
Any advice or relevant legal references would be greatly appreciated!
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12 September 2024 | 0 replies
Tenant Relationships and Legal Considerations Impact: Rent control laws often come with increased tenant protections and legal requirements that landlords must follow, such as eviction restrictions and rent increase caps.
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17 September 2024 | 68 replies
Once my parents told me our tenants bathroom was nicer than their own I quit upgrading unless I had a complaint or there was a serious issue.