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1 January 2025 | 12 replies
@Kendric BufordRecommend 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?
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27 December 2024 | 8 replies
It’s really damaging to tenants.
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28 December 2024 | 8 replies
@Adam OrtizRecommend 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?
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25 December 2024 | 4 replies
What happens if the box shows up wrong or damaged?
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12 January 2025 | 185 replies
Breach of contract makes you liable for damages, but isn't a criminal act.
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25 December 2024 | 12 replies
Weather also makes insurance more expensive - wind and hail damage properties.
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25 December 2024 | 22 replies
Airbnb offers $3M damage protection insurance (AirCover) if guests don't pay for the damages they cause, and $1M liability insurance if a guest gets hurt or their belongings are stolen.That being said, I too do not allow instant booking or most last-minute long-term bookings out of nowhere.
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23 December 2024 | 8 replies
Side note; if you google 46218 the only photo that shows up is a gross water damaged basement.
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22 December 2024 | 14 replies
You must keep the tenants security deposit at a bank that physically operates a branch office in the State of NC.
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24 December 2024 | 8 replies
In the past when I am looking for a property manager I google to find all managers with physical offices in close proximity to my properties to narrow my search and ignore all sponsored adds that fake that they are local.Since you have self managed, you will be better equipped to "manage the manager".