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18 June 2022 | 15 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:“How to Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
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2 February 2019 | 92 replies
This again is another avenue for income and knowledge.With these sorts of tools at your disposal you can really do most things in real estate.
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30 January 2019 | 45 replies
Then there are gurus who are guaranteed to make money while you pay them to learn how could you save your disposable income.
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6 October 2014 | 24 replies
Don't over improve - disposals, ceiling fans, blinds, carpet, bathroom vanities will get trashed.
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10 July 2017 | 5 replies
Anyone know how much I might cost to have shingles removed and disposed of or can I side over them?
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16 July 2009 | 1 reply
OR…If you dispose of a property with decreasing cash flow, but can get into another property with an easily increased net operating income, then you will have increase net worth over time.
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21 August 2009 | 22 replies
Lender came back AGAIN and sent their asset disposal guy to meet with me.
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6 August 2012 | 6 replies
I do not know about California but in Georgia for instance if the tenant was not personally served at the door by the sheriff or they did not file an answer to the court then the judge cannot grant a judgement in your favor only dispossessory.To get damages you then have to go to small claims court and win.As far as things left behind each state has personal property disposal laws.In GA for instance if it looks like they have abandoned the property then you put notice and gain entry.If you do not have a key you can drill the lock.If in GA 500 or under of value in property is there you can just throw away.Anything that looks to be over 500 the attorney usually advises completing the eviction.Even if they have appeared to vacate but there are valuable items there you need to wait.You need to take pictures with time and date stamp to document what was there upon inspection to prove they didn't leave that 5,000 family heirloom later on!
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1 September 2012 | 8 replies
Learn what the rules on trash disposal are for that area, and see what they are violating.
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13 November 2007 | 0 replies
(Please make sure they have working batteries.)All kitchen fixtures and appliances should be in good working condition, including: faucets (should run hot and cold without dripping or leaks), oven/stove (all knobs and burners should be present and working, and the stovetop free of grease), refrigerator (make sure it's clean, and that the lights turn on and the doors shut properly), dishwasher, garbage disposal, lights, drawers and cabinets.Water heaters need to be working (and if placed in the garage, need to be placed on a platform 18 inches off the ground), have earthquake straps, and a properly installed pressure release valve (with a discharge line directed downward that reaches six to 24 inches from the ground).Heating.