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4 April 2024 | 4 replies
I’ve cohosted in several markets all as medium term or hybrid (STR/MTR) and here’s what I’ve done: - Made the lease between the owner and the tenant- Owner collects the rent and the cohost charges their fee to the owner monthly- Small maintenance items under $300 were instantly approved per my cohosting agreement but larger items had to be coordinated with the owner because in some markets you have to be a licensed real estate agent or broker to facilitate property improvements on behalf of the owner
4 April 2024 | 12 replies
I don't see any line items for landscaping items: grass cutting, annual mulching, cleanup, and snow removal (if you are in an area with snow).
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4 April 2024 | 11 replies
As you have exterior and interior items where one could be ok and other not or both need work.
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4 April 2024 | 6 replies
Check into the items listed above and if you get a green light, definitely move forward!
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4 April 2024 | 5 replies
My last line item is to cover the window wells.
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4 April 2024 | 4 replies
The other item I would consider is whether you can add value (increase revenues and/or decrease expenses) during this time period that will help mitigate the rate change.
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4 April 2024 | 32 replies
The combination of rotting food, rat droppings, and general decay was overwhelming.
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2 April 2024 | 8 replies
Hello BP Community,
I am currently working on my first rental property. We are currently in the rehab stage of the property, and we are doing everything ourselves for the renovation excluding the heating and air. As...
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4 April 2024 | 5 replies
Then fix the items and go after them for damages.2) You could make the repairs now and charge them for the repairs.
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4 April 2024 | 5 replies
Your soft costs are extremely high.Site development is way over.Have the engineer do a line item estimate to build out.