
7 April 2022 | 63 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

20 May 2022 | 6 replies
Of course the best case scenario is if you have old wooden floors underneath the carpet; in that case you should bring them back to their former glory.

22 May 2022 | 9 replies
You shouldn't keep the home listed and rack up a bunch of days on market while you're doing the updates.If I were you I'd take it off the market completely, do the windows and other updates, and then re-list with a fresh listing and new photos when you're done.

1 June 2022 | 1 reply
So a storm blew thru Port Neches, Texas last week and knocked down the wooden fence between my SFH rental and the neighbor.

8 June 2022 | 1 reply
My main concern is impact noice and airborne noise across floors.my current plan is to lay vinyl planks, and a good quality underlayerment over the existing wooden flooring in all the upper floors.

10 February 2022 | 6 replies
I'm a big fan of the Chase cards, but we use them to rack up points for travel, so it's very situational.

5 February 2022 | 1 reply
Many things to convey here but I will rack and stack by my perception of importance.

21 February 2022 | 4 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

9 February 2022 | 8 replies
It racked up $76K in suspended losses for me.

21 February 2022 | 4 replies
It sounds like sellers expenses are racking up at this point, I am sure they can only take so much loss.