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27 November 2024 | 6 replies
Another reason to send it by mail is in many cases you will be deducting damages from deposit.
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3 December 2024 | 26 replies
I can pursue a legal action against the tenant or Baselane, but this will cost me additional $2-3K in legal fees besides dealing with a loss of at least $5K of rent and damages caused.
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26 November 2024 | 12 replies
While some leases say they will remove all evidence the sign was there and restore to original condition, I doubt that happens in bankruptcy for example.
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27 November 2024 | 4 replies
A minimum temperature of 55 oF must be maintained inside your Rental Unit at all times; damage to the Premises resulting from you not doing so is your sole responsibility.19.
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1 December 2024 | 32 replies
If you have zero vacancies, zero tenant damage, make sure utilities (especially heat) stay on every winter even if the tenant doesn’t pay.
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3 December 2024 | 16 replies
When there is a vacancy, a leaking sink, a drip from the roof, a fallen branch from a tree, storm damage, a rough tenant, a potato down the toilet...whatever expense comes up in the future, and they always come up, that is what the cash flow is for.
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5 December 2024 | 34 replies
Not an issue here, but my mom just got a new roof in MN because of hail damage.
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30 November 2024 | 19 replies
The potential risks like unpaid bills and damaged property aren't worth the hassle.
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27 November 2024 | 2 replies
(Inspectors are generalists, so specialists are essential for plumbing and electrical issues in older homes.)Structural Concerns: If potential structural damage is spotted, hire an engineer to assess it properly.Be Diligent and Proactive: Old homes often require extra due diligence.
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19 November 2024 | 7 replies
The last tenants did some damage to the interior of the house and repairs like, sheet rock, fixtures, paint, etc. need to be completed.