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3 September 2024 | 6 replies
Tenants have kept the property in decent condition so considering that my initial strategy was to not disrupt them, maybe do a month to month lease agreement while making some repairs than execute a new lease Jan 1st with a small increase in rent.
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7 September 2024 | 36 replies
I also tell them that I'm not doing any repairs that section 8 may require in order to move in.There is a clear difference in whether they can make you accept section 8 - versus whether the govt can make you take less money and do more to take section 8.
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1 September 2024 | 9 replies
They were quick to pay when repairs had to be done and their in-house adjusters were on point.
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1 September 2024 | 1 reply
Buyer's agent has requested a CLUE report as part of the request for repairs on a flip property under contract.I've asked my insurance agent to pull one, but he suggested to contact LexisNexis directly.
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2 September 2024 | 8 replies
Without cash flow you will end up going out of pocket for any repairs and Capex expenses.
1 September 2024 | 3 replies
I win in court and tenant is kicked out in 24-48 hours.In 90% of all situations, the tenant leaves before I have to file in court, I use their deposit to cover unpaid rent and as much cleaning/repairs as possible, and I move on.
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31 August 2024 | 3 replies
The security deposit is approximately 10% of total repairs so it won't cover most of the damages.
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1 September 2024 | 3 replies
If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well.
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3 September 2024 | 7 replies
Can someone tell me if this is correct: if the owner redeems they have to pay the full bid price, fees and court costs, 10% interest, and any “necessary” repairs (what constitutes that)?
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2 September 2024 | 32 replies
My close to 1% cash flow house has tenant calling for repairs 9 times in 12 months (out of owning it 18 months).