I've recently had the roof replaced and fully updated the common areas.Here's a breakdown of the situation: The units are currently marketed as furnished rentals (cashflow well), and based on the current income of the 4 units I own, I anticipate that all 6 units combined will gross $182,400 annually.

Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!

I installed them in the common hallway, the entry door, kitchen, and a common hallway where there are multiple rooms.How does Airbnb expect people to monitor their properties. 

I know for seller financing its commonly said that if the borrower defaults, you just get the house back.. 

And while they DO happen, smaller items are far more common and those should be easily handled if you have the systems and team in place.

Hi everyone,I've searched the archives but can't find an answer to what seems would be a common item -  For residential leases where you have an LLC that owns the property and another LLC that manages that property, takes rent, does repairs etc., how do you structure the lease agreement. 

@Greg Heden this is a common topic of discussion and the method that always comes up - what do your comps say?  

Of course the common thought is that there is two closing so it most cost a fortune but the reality is it MUCH cheaper then the 3 month seasoning products and usually cheaper then the 6 month products in terms of upfront costs with usually a better long term rate.  

We're seeing an unfamiliar clause and wanted to verify that we're not making a mistake.The broker asks for a $500 fee (they say they reserve the right to retain/charge in its discretion, in any non-closing event to cover for its services).Is it common for a broker to ask a $500 fee out of the EMD in case we back off the offer?

:It’s commonly said that with a JADU you would have to evict the renter before you could move.