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5 November 2024 | 39 replies
Who has had their rental significantly damaged by a hurricane/tornado/flooding?
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31 October 2024 | 17 replies
PM sent pics of all the damages.
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11 November 2024 | 22 replies
He hit a gas line (not a huge amount of damage), and there is an extra bill coming to me from the gas company for the fix/labor/material costs.
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8 November 2024 | 3 replies
@Bryn Chatterton screening applicants will be SUPER important.This is a copy-paste from our website, so ignore some of the specifics.Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.
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5 November 2024 | 5 replies
A month later the tenant moved out and owed rent and damages around $3,000.
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7 November 2024 | 12 replies
Here's some hopefully, helpful cut & paste info:------------------------------------------------------------------------------------Recommend 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 Class A property in Class D area, what quality of tenant will you get?
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8 November 2024 | 17 replies
There are going to be three levels of addressing this 1) things you can simply go there and do anytime (pick up pet waste and throw it away) 2) things you can do given proper notice (enter the unit and inspect, repair damage etc) and 3) things you can only do given proper process/procedure (notice to vacate, increase rent etc.)
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30 October 2024 | 15 replies
At our last turnover, we had neighborhood kids breaking in several times while vacant, damaging the house until we installed a security system and camera high enough that they’d need a ladder to get to it.
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5 November 2024 | 22 replies
Laminate countertops can hold up pretty well and if damaged, will need to come out of the security deposit - lower cost product, so a larger percent of it gets paid for if damaged.
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6 November 2024 | 13 replies
Thankfully the tenant above let us know that they saw them packing a haul so we went in, all was good and non damaged and empty.