Ananth Subramanian
Advice needed: Problematic tenant moving out!?
4 November 2024 | 13 replies
After this tenant leaves, you must clean/repair, market, screen applicants, select an applicant, collect the deposit and rent, get them moved in, etc.
Timothy Burns
Rookie Landlord-1st time tenant Turnover how to handle
27 October 2024 | 4 replies
In accordance with the lease agreement, the property shall be fully vacated, cleaned, and returned in the same show quality condition upon move-in.
Isaac S.
Delaware Statutory Trust DST 1031 Difficulty Giving up control
12 November 2024 | 171 replies
2/3 of the units are singles/studios, so generally higher turnover, causing higher fees for clean outs and lease ups, etc, etcRecently had to get a "fire rated" door to the roof replaced from some city inspection, the first bids were $3800-$4500, but with the right contractors and a little of my own time and motivation, i got the job done for less than $1500 and 12 hours of my time, and it had 2x the fire rating than the city required.
Jon Greves
Tips - Long Distance Self Managing
27 October 2024 | 16 replies
Vrbo and Airbnb makes it pretty easy to self-manage.Add a great cleaning team and you are 95% of the way there.Its good to locate handymen and the like but those are easy to find on local FB groups or thumbtack.
Alonzo Moreland
Ending a month to month lease with a problem tenant
31 October 2024 | 9 replies
The tenants are reasonably clean, so no issue with trash or critters.
Marc Shin
tenant on month to month lease
29 October 2024 | 4 replies
I also recommend including some move-out instructions for cleaning, how to turn in keys, when they will get the deposit back, etc.
Tom Dean
STR material participation to be considered active business
29 October 2024 | 2 replies
I would use cleaning services but it's my understanding I could use more than one company over the course of the year to limit how many hours one company spends on it.I'm looking into a utilitarian STR more for business travelers, so this won't be one where everything is perfect, it's bound to accumulate wear and tear I think.The STR would be out of state, but I plan to travel there for probably two weeks a year where I would perform many repairs myself.
Ian Smith
Anyone seeing Kensington improving?
31 October 2024 | 8 replies
Even if the area is cleaned up, I wouldn't purchase any rental real estate in Kensington, Fishtown or Northern Liberties for a few years.
Will Sherman
Anyone have a lease that includes periodic use of property by landlord ?
29 October 2024 | 5 replies
The other things to keep in mind utilities, cleaning before/after (fee, does it need to be dictated?)
James R.
Glut of STRs in Every Major Market. The Elephant in the Room.
28 October 2024 | 40 replies
Booked every night for a month, doesn't even cover the mortgage, let alone the cleaning fees and maintenance of the pool, etc. and if you have a property manager, you have to be cashflow negative.