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2 January 2025 | 3 replies
Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.
16 December 2024 | 20 replies
If you think there a leak have all tenants not use any water and find the water meter outside.
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28 December 2024 | 1 reply
This fosters a top-down management approach that ensures accountability and efficiency throughout the property.As I've earned from my own experiences, the difference between a good operator and a poor one lies in effective asset management.
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16 January 2025 | 78 replies
My PM, who did not know my realtor, said the house looked good, nothing needed to be done, and got it rented.Turns out both were terrible, the house needed new HVAC, AC, windows, Doors, Pipe fixes, Water Heater, electric line, I found all this out after my Tenant Sued us because of the house's condition.We spent a 9 months of the tenants chasing off contractors before we got it repaired and the tenants out, then the judge granted us all our rent so we finally go that.
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23 December 2024 | 9 replies
Ensuring transparency and efficiency in managing owner resources is critical1.Clear Communication on Costs: Provide owners with detailed breakdowns of repair costs and explanations for necessary expenses.
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19 December 2024 | 1 reply
What is the best overall water metering company you have found when it comes to ease of installation, reliability, and the cost of the equipment and monitoring?
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8 January 2025 | 10 replies
So, it is something to be wary of with the liklihood of choppy financial waters ahead. 4.
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31 December 2024 | 4 replies
When the tide does shift, you'll be cruising on Easy Street while the others are still getting in the water, adjusting their goggles, and warming up their muscles.
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31 December 2024 | 8 replies
Instead, shut off the water to the toilet and place a sign on the door "Art exhibit: Non-functioning bathroom."
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28 December 2024 | 8 replies
Maytag and Whirlpool are good imo.I personally also avoid ice makers and water dispensers.