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12 October 2024 | 5 replies
Preemptively talking through issues that may arise (lowering rent, no payment for the month, big maintenance item, accounting error on your end) helps build that.Bring options to the table and educate the owner.
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11 October 2024 | 6 replies
If they are low revenue and high maintenance or not...
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13 October 2024 | 11 replies
We receive 50% of the income and all maintenance issues are handled by B&B.
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20 October 2024 | 84 replies
agreed quality paid off rentals are about as solid as you can get.. not only that you have less maintenance and turn over for the same income.. what one misses is appreciation if thats your goal.. more props that all appreciate more wealth depends on your situation..
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12 October 2024 | 12 replies
You will need to schedule annual meetings, prepare minutes and maintain good records.
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13 October 2024 | 11 replies
But you also have to subtract utilities, turn costs, starting items (kitchen and cleaning items you give them), and furnishing upkeep/maintenance.
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11 October 2024 | 13 replies
You only need a place to track tenant information, payment history, maintenance, etc.
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11 October 2024 | 4 replies
I am trying to make sure I am only enforcing the lease and not reading it with a biased perspective.I would happily consult an attorney for a reasonable fee (any recommendations are welcome.)The original annual lease had an end date of 3/31, if that is helpful to know.
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8 October 2024 | 17 replies
They utilize Propertyware for the portal which is very simple and all maintenance requests and payments can be viewed in the portal.
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14 October 2024 | 14 replies
Look at property values, trends, and neighborhoods to identify opportunities.5) Create a Budget: Determine how much you can invest, considering all associated costs like down payments, closing costs, and maintenance.6) Build a Network: Connect with real estate agents, investors, lenders, and other professionals.