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20 November 2024 | 23 replies
So, not only is it cheaper to rekey, deadbolts-only STOP tenants from locking their keys in their home since they must use their key to lock it:)We are looking into a cheap camera to also use that connects to internet for remote monitoring with motion-sensor alerts.Hi Michael,We've had keys broken into locks to prevent other showings before also.
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13 November 2024 | 4 replies
Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.
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6 November 2024 | 0 replies
Hello, I believe this program is fairly new, so I don't know if anyone would, but do any MI investors have experience using the "Lead Poisoning Prevention Fund" through an organization Michigan Saves?
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13 November 2024 | 8 replies
This will prevent you from getting taken advantage of and it will help you manage your rehab budget better.
13 November 2024 | 2 replies
Add the Trust as additionally insured on the new policy.The complication is that the seller no longer holds any interest in the Trust, LLCs, Deed, or Settlement Statement, which my broker says prevents them from being added to the new policy.
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12 November 2024 | 5 replies
Proper setup from the start can prevent major issues and ensure you're profiting from the start!
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17 November 2024 | 18 replies
You really have to practice preventive maintenance when trying to ensure a property will cash flow.Knowing the market and helping buyers with ARV potential is a huge step and creates a repeat/return buyer.
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13 November 2024 | 3 replies
For future installs is there anything that can be done to prevent this?
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12 November 2024 | 2 replies
He has asked;"Provide protection around water heater or furnace to prevent children from making contact with theseappliances."
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13 November 2024 | 15 replies
However, such a provision doesn't actually prevent that additional/junior lien from attaching to the property, leaving the 1st lien lender stuck with the issues @Chris Seveney mentioned.