19 July 2024 | 8 replies
Also look under the kitchen sinks to see if there’s been leaking or if the plumbing looks hacked.
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19 July 2024 | 6 replies
For example our local gas and electric company (Baltimore Gas and Electric) has a program called the Automatic Change Name program that PMCs can enroll in.
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19 July 2024 | 6 replies
Change the air filters, make sure sprinklers are set and watering, landscaping done, check on cracks and leaks, visually inspect roof, also checking for pets, and how many people living there.
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20 July 2024 | 13 replies
An entire blog could be written about the cost of manually driving for dollars… such as paying for gas, depreciation on your vehicle, the cost of your time, etc.In another example, imagine you are virtually driving for dollars in the same target neighborhood and zip code..
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19 July 2024 | 6 replies
But as previously mentioned - if you didn't know the roof was rotten, and the inside is completely mold infested because of leaks, you could quickly be in for way more money than you expected and you could lose money if your repair costs exceed the value of the property, for instance.Liens work on the basis of seniority.
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15 July 2024 | 5 replies
With 3 times of many pipes on the walls, chances of leaks and ruptures multiples by 3.
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19 July 2024 | 12 replies
Also PM would do a checklist during that photo visit to try to catch extra people, unregistered pets, leaks, damage, maybe bad water heaters/HVAC units, storm damage, so that's being proactive.I think these days too many PMs are in it to try to figure out how they can milk the heck out of stupid owners vs helping them build a portfolio and be successful owners.Being proactive on preventative maintenance, being quick on delinquencies, providing property values and options is helpful.
18 July 2024 | 10 replies
Use it for things like gas and then pay it off every month.
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17 July 2024 | 4 replies
Our approach for implementation is to break all repairs into 4 categories by priority:1) Health & Safety - most important as could result in tenant lawsuit2) Property Preservation & Government Requirements - don't ignore a roof leak that costs hundreds to fix now, but will costs thousands in the future.
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16 July 2024 | 3 replies
Gas/Heat/Hot Water is included in the rental, when completing the proposed rent form could I ask for more rent money or should I stick to what the property is originally listed for?