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30 June 2024 | 2 replies
More issues arising with insurance, underwriting, appraisals, and more.
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1 July 2024 | 13 replies
Have you gotten insurance similar to Air Cover for issues that may arise?
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30 June 2024 | 7 replies
They will handle all aspects of renting out your second home.Long-Term Rentals (LTR): The management firm can find long-term tenants for your property, screen potential renters, handle lease agreements, and manage any issues that arise during the tenancy.Seasonal or Short-Term Rentals: If you prefer to rent out your property on a seasonal or short-term basis, the management firm can handle marketing, bookings, check-ins, check-outs, and cleaning between guests.
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1 July 2024 | 29 replies
By offering a discount to pay electronically, you avoid any issues that arise from forcing people to pay electronically.
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30 June 2024 | 13 replies
Our lease has a clause that makes the tenant responsible to report leaks and defects and is responsible for any consequential damages that arise from a failure or delay in reporting.
28 June 2024 | 13 replies
At this point, this tenant sounds like they're all bark with very little bite - I'd just keep documenting everything in writing (as it sounds like you've been doing) and sending everything to them via email as a backup as well, and only involve the lawyers if the need actually arises (e.g. if they file a rent escrow action; if you need to start eviction process for non-/partial payment; if you get them to agree to a mutual lease termination; etc).If you do end up going with the carpet replacement option, I would also recommend going one step further: in addition to replacing the carpet and the padding underneath, also take that opportunity to put down a coat or two of heavy duty Killz on the subfloor before the new carpet gets installed.
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26 June 2024 | 4 replies
Explain your worries about potential damage to the new porch and noise disturbance, especially if it's causing vibrations that could affect the structure or annoy neighbors.Consider Amendments: If your lease agreement doesn't currently address items like punching bags specifically, consider adding an amendment that outlines rules for using outdoor spaces to prevent future misunderstandings.Document Agreements: Whatever agreement you come to with your tenants, document it in writing to ensure clarity and as a reference in case issues arise later.If you need any further assistance or would like to discuss please feel free to DM me!
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26 June 2024 | 4 replies
The quality of the people that you allow to live in your property directly impacts your monthly profit and also will arise when the relationship ends.
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26 June 2024 | 18 replies
At the end of the day, if there is a premises liability issue that arises, that management company LLC cannot stop a plaintiffs attorney from filing a claim against the deed holder.
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25 June 2024 | 6 replies
I think that I will hold off on section 8 for now but continue to do my research in case the need arises in the future.