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22 June 2024 | 5 replies
For example:General-Filters (furnace, air conditioning, oven exhaust, refrigerator, and water)-Stove burner when the “eye” needs simple replacement-Batteries and remotes that service the premises-Fan and light pull strings-Smoke and carbon alarms testing and batteries-Ensuring appliances are properly plugged in, hooked up, and used-Removing dirt, debris, and lint in and from connection pipes (e.g. clothes dryer)-Tighten loose screws on all home functions (e.g. doors, hinges, handles, socket -Balancing off-balance appliances-Cable, internet, and phone jacks-Fire extinguishers-Systems operation (e.g. security, irrigation, HVAC)HVAC-Monthly A/C filter and drain line maintenance Electrical-Reset “tripped” GFI breakers-Light bulbs (throughout and at the end of the tenancy)-Blown fuses-Reset breakers in the outside and inside breaker boxes-Socket and plug outlet coversPlumbing-Unclog drains or toilets-Caulking around tubs and showers as needed-Gas pilot lighting-Leaky faucets and shower heads-Toilet flappers, handles, seats and seat lids, tank lid, and flush kit-Sink and tub stoppers-If septic tank present, use RID-X as directed on consumer box-Proper cleaning of garbage disposal-Loose faucets and sprayer heads and hoses-Faucet filters (i.e. aerator)-Open exterior plumbing clean out when necessary (e.g. sewage backup)Exterior-Routine lawn (and pool) maintenance-Adjusting sprinkler heads as necessary-On the last month of tenancy, tenant must perform required lawn maintenance no sooner than 2 days prior to vacate dateThere’s a lot to consider as a landlord.
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21 June 2024 | 6 replies
Our tiny little town implemented a 1% tax now.
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25 June 2024 | 125 replies
They had successfully implemented the same sophisticated value add around a dozen times, each time achieving returns that resulted in maximum GP profit share.
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20 June 2024 | 2 replies
I'm getting too old to wait, so if I have to take things in my own hands, I will.Here is the caveat, I came back to do this because I am extremely passionate about sustainable development, net-zero carbon, thermal mass, compressed earth block, rammed earth, hempcrete and others with all the add-ons like rainwater collection, solar and permaculture.
21 June 2024 | 5 replies
After leases expire, landlords can draft new leases, re-negotiate terms, adjust rent, and implement policies.
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21 June 2024 | 11 replies
While a personal account is acceptable, setting up a separate account specifically for rental income can make bookkeeping and tax reporting easier.Regardless of the payment method, always provide tenants with receipts for their rent payments.Keep detailed records of all rental income and expenses for tax purposes.Consider implementing a consistent rent collection policy to avoid confusion and ensure timely payments.Be aware of local laws and regulations regarding rental properties and rent collection in your area.
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21 June 2024 | 21 replies
.- Automate Systems: Implement property management software to streamline tenant communication, rent collection, and maintenance requests.7.
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23 June 2024 | 105 replies
IMHO asset protection planning is best implemented as an adjunct to a larger estate, financial or tax plan, not as a substitute.
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21 June 2024 | 20 replies
**Implementation** - Start working on your plan immediately
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19 June 2024 | 4 replies
They halfway tried to implement some means for presenting data in a way that an investor would logically consume that information, but they completely dropped the ball in really simplistic ways.