Brandon Ortiz
How To Get Started | Bay Area
9 December 2024 | 9 replies
------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Joy McQueary
Multifamily // Cash Flow & Appreciating Markets
13 December 2024 | 13 replies
@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Shawn Nofziger
Foreclosure auctions? Good or bad?
7 December 2024 | 5 replies
In fact if you don't do proper due diligence some are "traps" with bad layouts, fire damage, and tiny sized lots.
Sidra Amir
After 10 months of stay, tenant is asking to get bed bug inspection done
7 December 2024 | 8 replies
It was over $5,000 damage but the bed bug company said it wasn't their fault and the tenant signed the contract that the bed bug company wasn't responsible for any damages so I was stuck with fixing it myself.
Craig Sparling
Chicago vs the world: Forgone opportunities?
13 December 2024 | 18 replies
Depending on where you invested in Florida, you could have lost a good deal of money due to hurricane damage.
Xuming Yu
Tenants send in request after signing Contract
4 December 2024 | 7 replies
If a blind gets damaged, they are likely responsible for the damage.
David Robert
Let's talk Cybersecurity!
9 December 2024 | 1 reply
If cybercrime industry was a country in 2021, it would have been the world's third-largest economy after the U.S and China, totaling a 6 trillion USD in inflicted damages.
Alec Nault
STR Property Partners - Property Management Group
9 December 2024 | 15 replies
who covers maintenance and damage?
Pamela M.
Tenant vacates property before december 1 without notice. Lease is till August 2025
5 December 2024 | 34 replies
If the security deposit is not enough to cover lost rent, utilities, and damage, you are welcome to sue in small claims court (which most of us have never done).
Rita Medeiros
Section 8 & mice what are the expectations. Give me your opinion
12 December 2024 | 20 replies
@Catherine Emert - In Virginia too, and likely in every state, tenants are responsible for damage they cause, including a pest infestation.