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3 February 2025 | 15 replies
Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.
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7 February 2025 | 14 replies
Look for a place where you can secure items that you do not want tenants to have access to.
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7 February 2025 | 4 replies
They can identify potential investment opportunities... not to mention all the tenant/landlord laws, eviction process, security deposits, accounting, end of year tax statements etc. lots of pitfalls to be avoided.wish you success in your ventures!
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16 January 2025 | 15 replies
It comes down to supply and demand.
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7 February 2025 | 11 replies
Creative financing options like seller financing or assuming a low-interest FHA loan can also help you secure better terms.
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22 January 2025 | 4 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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14 January 2025 | 19 replies
Appreciation is driven by demand outstripping supply, and cost of new supply.
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5 February 2025 | 15 replies
Not likely.Maybe some of the tenant acquired their own washers and are using them for cleaning but your dryer for drying.Get a security camera and mount it in the area and post signs saying the same.
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17 January 2025 | 3 replies
.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?
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4 February 2025 | 11 replies
Many experienced mentors in this group can help guide you in the right direction.I highly recommend saving as much as possible and setting aside a hedge fund for financial security.