Roque Miranda
Add cameras to your rehab and keep exterior cameras for rents
23 May 2024 | 4 replies
I'm not nervous the be honest, I'm use to the construction aspect, my idea on the rehab was to document procedures for the future project, I will not offer internet, that is clear now.Thanks again
Sandra Quinn
Tenant not paying rent?
22 May 2024 | 2 replies
Make sure to follow all legal procedures correctly and keep documentation of all communications and actions taken.In the long term, taking preventive measures from the start can help avoid similar non-payment issues in the future.
Maria M.
Rent increase notice if lease already signed?
22 May 2024 | 7 replies
Hello, I have a question about the procedure for rent increase.
Alex Ng
Is it better to work for a wholesaling company to get the best deals
20 May 2024 | 1 reply
Nothing is wrong with taking a job to learn an industry, process, procedures, make contacts, etc... and then (sometime later) applying what you've learned, and connections made into your own business.
Mario Broughton
Are home owners losing their properties to fake foreclosures?
20 May 2024 | 11 replies
THE RULES OF THE COURT PROCEDURES ARE NEVER FOLLOWED DURING THE FORECLOSURE LAWSUITS.THE ORIGINAL DOCUMENTS( NOTE ) ARE NEVER REQUIRED AND IF YOU REQUEST THEM THROUGH THE DISCOVERY YOU WILL BE DENIED.ALL FORECLOSURES ARE BASED ON FRAUD!
Ruth Lyons
Inspectors killed my deal -- 3 times, Any advice?
23 May 2024 | 52 replies
Repeat the above procedure and get a Roofing cert, chimney cert, HVAC, plumbing, electrical cert or statement of recent service and opionion of condition, etc for any other prefessional trade that might be an issue.
Cameron Hamidi
Tenant breach of contract on smoking
20 May 2024 | 11 replies
They can guide you through the eviction process if necessary and ensure that you follow all legal procedures correctly.Evaluate the Impact:Consider the long-term impact of the tenant’s smoking on the property.
Sean Bramble
Anyone done a "Morby Method" deal? Zero down creative strategy
23 May 2024 | 35 replies
Cornell Law publishes the FRCP (Federal Rules of Civil Procedure) – I became very familiar with the “process”.
Franklyn Benjamin
Local Newbie Seeking Knowledge
19 May 2024 | 5 replies
Draft Standard Operating Procedures to advise on decisions concerning investments in addition to actions.
Coty B Lunn
Managing Investment Properties: With or Without a Property Manager
18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.