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13 December 2024 | 20 replies
Nevertheless, both scenarios require your attention and defending against those claims could very well cost more than $2K.One of, if not the leading cause for dispute between contractor and client is poor communication.
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12 December 2024 | 37 replies
Just cause they don't fit your investment criteria, we shouldn't steer other people away from them.
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5 December 2024 | 4 replies
.), and it caused inefficiencies and communication breakdowns.
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9 December 2024 | 9 replies
While I don't have any horror stories, per se, I have heard of people having a tenant for a year then causing $20k in damages upon move out, while skipping town to not be found again (this was a CA buyer buying from a turnkey operator in AL).
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4 December 2024 | 9 replies
I imagine it's higher than a typical single family rental considering it looks like the host usually ends up paying for any damage caused by tenants due to a variety of reasons (tenant refuses to pay, damage happened in a common area and it's not clear what tenant caused it, etc.).- Rental loss - PadSplit claims they collect 97% of rents, but I've spoken to a few hosts who have said that a much larger % of their tenants get kicked out owing $500 or more in back rent that is rarely ever collected - what's your experience been here?
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5 December 2024 | 20 replies
I guess for me the dividing line is does it damage the function or cause a safety hazard if I leave it on the tenant.
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13 December 2024 | 32 replies
The concept of New construction investment property was right it was just the process that caused the problem.
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5 December 2024 | 17 replies
That’s why I invested in rentals—to have a safety net.I'm not exactly sure where you're at, but if your current situation is causing frustration or stress, there’s no shame in selling a property to free up capital.
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4 December 2024 | 2 replies
When my places with section 8 tenants are inspected yearly the inspectors just want to be sure that the paint isn’t flaking and thereby causing a situation that a small child may ingest the paint chips.
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4 December 2024 | 18 replies
Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.