Hey all,What numbers do you use when projecting repairs and maintenance costs for apartment buildings?

@Matthew Welk Happy to make an intro to the answering service team at CS Outsource that does our late-night support.They help with 24/7 emergency support, overnight coverage, troubleshooting issues, dispatching approved vendors & local staff, tracking and managing maintenance work orders, and other back-office tasks.

This usually just means the owners don’t have to pay maintenance- I’ve never heard of anyone profiting from buying a condo in this way. 

Can someone recommend a good third-party phone service to field tenant maintenance requests, etc. thanks so much

My take: Single family will always have more appreciation potential and might have less maintenance. 

Basically, they name everyone because they’re hoping and counting on the fact that people set up their own LLCs and didn’t adhere to basic entity maintenance (operating agreement) and kept things separate (like bookkeeping and separate bank accounts).

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

We do amazing maintenance, I just have very low trust in people LOL

This is the #1 issue that most of the operators I work with have issues with.A strong maintenance process means you have a CRM with all your people, a basic understanding of rates, contracts in place, and backups.