Jason Jones
Help! Bed Bugs
12 August 2016 | 8 replies
The tenant is asking for this to be remediated ($2000 cost) but all pest control falls under tenant responsibility per the contract.
Steve S.
What do you look for in a rental property?
17 December 2014 | 9 replies
No floor joists, standing water, pests, ect.
Pearce Trenary
FIRST STR: Destin, Smokeys, or Branson
1 September 2021 | 22 replies
The fees include electricity, water, insurance, pest control, pools, restaurants, gyms, etc.), while others don't provide much at all.
Adam Craig
Looking to make first offer on an apartment - check my numbers?
11 February 2019 | 14 replies
Please remember to calculate all the expenses needed and have a missed expenses drive you into the negative cash flow.Here is the list that I usually calculate: Real Estate Taxes Insurance Contract Services (pest, grass, snow,etc) Trash Removal Electric Gas Water and Sewer Legal Management Fee Repairs and Maintenance General/Admin CapEx Other Also remember to calculate vacancy You maybe managing some of it (for example Management Fee) now, but i would still calculate it as if you are hiring someone.
Huso Akaratovic
PEOBLEMS WITH CLOSING FIRST FLIP (agent issues)
20 February 2018 | 32 replies
As far as I am concerned, this will be impossible since at this point I don’t even know if the agent had order the HOA book and the pest control inspection as she was supposed to well in advance.
Lulu Heather
Tenant asked for pest control while it's their responsibility.
11 May 2020 | 6 replies
Last year, they also complained about the ants problem when spring came, even when the unit next to them was vacant.As in out lease: "Tenant is responsible for keeping the property free of all pests (ants, roaches, fleas, ticks, silverfish, scorpions, etc.) and all routine pest control".
Eric Sipe
Math/Formula Help for Property Analysis
27 March 2019 | 1 reply
Annual operating expenses = annual taxes+insurance+utilities+HOA fees+lawn/pests+vacancy+repairs+property management (i.e. does not include CapEx or mortgage)NOI = annual gross income-annual operating expensesCap Rate = NOI - purchase pricePro Forma Cap Rate = NOI / after repair valueCash on Cash ROI = total annual cashflow / total invested capitalTotal Initial Equity = (down payment + closing costs + estimated repair costs) + (after repair value - total cost of project)Gross Rent Multiplier = purchase price / annual incomeThat is a lot of formulas!
Jordan Woolf
Renting to college students
5 September 2019 | 14 replies
And when it comes to group responsibilities, every kid plays the game of "NOT IT".A neglected kitchen situation can quickly turn into a pest infestation.
Christopher Geddes
Does anyone include cleaning service for tenants?
20 November 2017 | 12 replies
For excessive dirtiness we have a clause in the lease to add cleaning and charge to them if it becomes an issue. i havent had to do it but i have learned to be somewhat tolerant except for safety and pest issues (trash,exterior storage).
Vik Divinets
Need advice on my first property deal.
8 March 2017 | 10 replies
Will be gutting the place with pest control company.