Daniel Mendez
Diving into my 1st rental (DFW)- Input your Advice & Guidance
22 June 2024 | 5 replies
For example:General-Filters (furnace, air conditioning, oven exhaust, refrigerator, and water)-Stove burner when the “eye” needs simple replacement-Batteries and remotes that service the premises-Fan and light pull strings-Smoke and carbon alarms testing and batteries-Ensuring appliances are properly plugged in, hooked up, and used-Removing dirt, debris, and lint in and from connection pipes (e.g. clothes dryer)-Tighten loose screws on all home functions (e.g. doors, hinges, handles, socket -Balancing off-balance appliances-Cable, internet, and phone jacks-Fire extinguishers-Systems operation (e.g. security, irrigation, HVAC)HVAC-Monthly A/C filter and drain line maintenance Electrical-Reset “tripped” GFI breakers-Light bulbs (throughout and at the end of the tenancy)-Blown fuses-Reset breakers in the outside and inside breaker boxes-Socket and plug outlet coversPlumbing-Unclog drains or toilets-Caulking around tubs and showers as needed-Gas pilot lighting-Leaky faucets and shower heads-Toilet flappers, handles, seats and seat lids, tank lid, and flush kit-Sink and tub stoppers-If septic tank present, use RID-X as directed on consumer box-Proper cleaning of garbage disposal-Loose faucets and sprayer heads and hoses-Faucet filters (i.e. aerator)-Open exterior plumbing clean out when necessary (e.g. sewage backup)Exterior-Routine lawn (and pool) maintenance-Adjusting sprinkler heads as necessary-On the last month of tenancy, tenant must perform required lawn maintenance no sooner than 2 days prior to vacate dateThere’s a lot to consider as a landlord.
Yasmani Delgado
Whats is your take on the 50% rule when analyzing a property?
20 June 2024 | 26 replies
Vacancy is more of a reduction an income than an expense.
Yasmin Mughal
Househacking near Frederick, MD: considering a property with easement/future rd
18 June 2024 | 4 replies
I suspect it is more of a pricing issue than an easement issue.
Marlia Stone
Investment Property Gone Bad
23 June 2024 | 67 replies
Better than an amateur evaluating a place and guessing what's wrong, not likely to miss something big after training, but really not qualified to tell you if X property is likely to make steady money as a rental after you fix what's obviously wrong or Y property is just going to be a total money pit.It's not like you and the roofing inspector/public adjustor space, where you go toe-to-toe against the insurance companies for real money.
Ward Hubbell
Bedspreads and bed coverings
18 June 2024 | 17 replies
So just an FYI regarding bacteria and viruses on bedding, most don't survive much longer than an hour.
Ryan Snelson
Is SCOTT CARSON (WeCloseNotes/Inverse Asset) DEFRAUDING Investors
20 June 2024 | 37 replies
For me when it came to hiring an attorney it was because I had exhausted all hope of our JV actually producing anything.
Hoshang Hafizi
First time multi-unit buyer needs advice
17 June 2024 | 7 replies
I’d rather work with zoning than an HOA anytime.
Rodney West
Improving existing property with new construction
17 June 2024 | 17 replies
In my market, the zoning and plans approval team are pretty friendly and free to ask, so before you spend a dollar, I would give the local building department/zoning department a call and see if you can get answers.If they are not very friendly, than an architect would likely be my next call.
Kevin Coleman
Bird In HVAC
12 June 2024 | 7 replies
, roofer to see if they are getting into the exhaust vent on the roof?
Reuben Federer
Is Scott Carson 3 day course worth it??
14 June 2024 | 7 replies
Now if you waste your time calling banks and finding deals that others do not see, there is potential but typically those banks want top dollar and more than an investor will pay.The equivalent is wholesaling homes on the MLS that you have not gone and seen.