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16 October 2024 | 13 replies
The paperwork to get them setup almost always meant my first rent check from agency would be about 45 days after lease start, so you need to float that.Tenants always paid with Money Order or cash, both required an actual visit to bank versus standard check that could be mobile deposited or ACH.Neutral:My tenants were not "light" on the property, but generally not overly hard either.
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10 October 2024 | 5 replies
Was it a high end or a light cosmetic rehab?
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11 October 2024 | 13 replies
If it were me, I would start with an agent and then look for an inspector who might do a "light" inspection for a fee.Matt
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11 October 2024 | 4 replies
Does anyone have experience in this process that they can shed some light on how to go about this.
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14 October 2024 | 31 replies
Hey Shelby - You are correct, turnkey properties don't get the lime light like flips / brrrs get in general within the BP community.
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11 October 2024 | 17 replies
Or, better yet, have them go to Home Depot and pick everything up, then have the pro desk call you for the charge.
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8 October 2024 | 36 replies
If it is less than 3 you are doing it wrong.Also, you should think about doing a light renovation and increasing rents.
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13 October 2024 | 24 replies
Still light years ahead of what I had before though.FYI for others who might be having trouble finding insurance.
15 October 2024 | 69 replies
As an LP myself, who will likely get flushed on a deal with a syndicator, I believe that this industry needs a bright light shined on as many operators and capital raisers as possible.
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9 October 2024 | 9 replies
Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.