Additionally, consider negotiating the ability to delay or cancel some bookings to complete the necessary work sooner, avoiding further damage.

Every turnover will cost you money due to vacancy, Plus you run the risk of additional losses from unpaid rent, cleaning, and repairs.

Additionally, rates will come down because job market softens.  

Thanks for this clarification Bill.Let me add a bit more context and see if anyone can chime in with additional advice. 

Hey Brian,First off, congrats on building that equity over the past five years...that's a solid accomplishment.

In addition to that, you still need an additional 24 months of practical construction experience to qualify, which is more than enough time to weed out anyone who can't handle the real-word construction industry.

I just bought a new property and I was wondering if I was going to rent this out, what repairs should I make in terms of the roof and should I add an addition?

My internet provider said that for $10.00/month additional, they can provide live streaming TV services (i.e.

In addition, just because rents spike doesn't mean your tenant received a comparable bump in pay.

My target purchase price is no more than $410K, aiming for an ARV in the $530K to $570K range.I'm comfortable with small to medium-sized renovations that don't require major structural changes or additional square footage.