
30 November 2024 | 12 replies
Quote from @Kar Sun: My tenant's lease is coming to a close and I am relieved she will be moving soon.She has been paying on time but has been extremely unpleasant and rude.While the money does not smell my mental sanity is more important than money in this case.She sent me a registered letter stating that she feels "unsafe because we have not done the fixes the way she wanted it".She requests to have her witness for a walkthrough.In my state a walkthrough is required but I am not about to grant it to her to bring any witnesses as that is not in my contract.If she feels unsafe she does not have t be present.I also do not treat a final walkthrough with a tenant as a final sign off.This walkthrough does not include a detailed inspection of the plumbing and the appliances that will be done after she departs.This is simply for the visible cosmetic issues and should take less than 1 hr.

2 December 2024 | 21 replies
Do you have enough reserves to handle a HVAC issue?

2 December 2024 | 7 replies
Hoarding becomes a violation when it presents a fire hazard or other safety issue, attracts pests, or potentially damages the property.

5 December 2024 | 25 replies
From signing the initial agreement to finalizing the project, they maintained a high level of professionalism and kept me informed with regular updates.The deal was backed by a Joint Venture Agreement and Promissory Note, and they delivered the expected returns on schedule, with no issues along the way.If you’re considering partnering with 51 West Properties, they’ve proven to be reliable and trustworthy.

17 December 2024 | 86 replies
Sometimes, properties sold at auction can have hidden costs or issues, so due diligence is key.3.

1 December 2024 | 6 replies
From my experience, many investors prefer to stay hands-off and avoid the day-to-day operations—managing contractors, solving unexpected issues, or finding a replacement electrician.

2 December 2024 | 6 replies
If I hold a 6% bond and the rate on new issues drops to 3%, then my bonds are worth more because they pay more than the new issues.

30 November 2024 | 3 replies
This is the onboarding process.The next issue we came across was "How involved do we want to be with the day-to-day operations?"

2 December 2024 | 14 replies
1) Check with state building dept to see if they have a valid builder's license and if any negative issues with it. - PRO TIP: many builders lose their license then create new company in name of wife or other relative/friend.2) Check Better Business Bureau, but don't assume all the complaints are legit. - If there area MANY, then that is a problem.

30 November 2024 | 4 replies
What I do for my units with shared meters is I charge 50% flat to each tenant which prevents waste I get no issues with any waste due to this but the ones that share electric bills do get many complaints due to the size of the bill.