Also, skimping on inspection will come to haunt you, even if you get away with it the first time around.

They're likely going to use the same contractors that did the bad repairs to begin with or worse - they're going to direct their contractors to skimp on the repairs.

All all I got to say is don't skimp in trying to find the cheapest contractor or the cheapest property manager.Also find one that will agree to start the eviction process the first time rent is past due more than 5 days.This sends a message that you are not going to put up with late rent and generally will only need to happen one time to get your point across.Florida is a transient state so it's fairly easy to get deadbeat renters out of your property.However if you prequalify your potential renters the right way you can avoid bad situations.Have the Property Management Company take a look inside the potential renter's car when they arrive to see the property, if it's a pigsty and they smoke (even if they say they will smoke outside), and most especially if they're also a Credit Criminal do not rent to them.But, do not turn away people who have recently gone through bankruptcy or a foreclosure or short sale who are trying to reestablish, because they can be some of the best longer-term renters out there right now.

Cleaning is definitely your biggest operating expense, and Airdna’s revenue estimates include cleaning fee revenue, so don’t skimp on doing a realistic bottoms up of what you’ll actually pay your cleaners.OR maybe you just forgot a zero and I typed all of that for nothing ;)

I wouldn’t skimp on limits, and I always recommend an umbrella policy as well.

In order to be successful, you can't really skimp.

I would suggest treading very very carefully, and not trying to skimp on the things that are going to protect you from a judge rendering the entire amount owed void because you did something "predatory."

I know this may not help you much in your current situation, but once you are on the other side of it, just be glad this will be one of the last times (knock on wood) you will have to deal with this type of tenant if you don't skimp on the background checks and due diligence.

Not too worried that demand will end anytime soon as long as we keep concentrating on quality.And quality starts with a really good renovation where you do not skimp and you do not defer maintenance down the road.

But there's no additional licensing requirements just because you're running an LLC.LLC paperwork should be drafted by a lawyer to get it right - skimping on this could cost you later on.