Ava Petruso
Currently fix and flip but debating
5 December 2024 | 8 replies
(Be sure to factor in vacancy, PM fees, maintenance, etc in addition to PITI)•Do you have additional reserves to cover unexpected expenses like long than expected vacancies, high turnover costs, or major repairs (e.g., HVAC or roof replacements)?
Silas Melson
Turnkey Investing Concerns
3 December 2024 | 16 replies
if you ever have a major repair, or an eviction, or a major turnover, you may need to be a little more 'active.'
Yixin Huang
Maintenance and repairs systems
15 November 2024 | 4 replies
I was wondering what's everyone's process when maintenance or repairs needs to be performed in the rental property.
Tim Callahan
In Maine, can I use a tenant's security deposit to cover legal fees for an eviction?
26 November 2024 | 4 replies
For as much as attorney's charge, they should be able to answer this question.The deposit can be used for cleaning, repairs, and unpaid charges.
Stephen Dispensa
Investing Throughout Tampa Bay post Hurricane Helene and Milton Info
2 December 2024 | 1 reply
I'm a licenced Broker and I also handle project management for flippers, contractors, etc.FEMA 50% Rule: ALL of the homes that exist in a Flood Zone have a 50% limit on work that can be done to repair them without bringing them into compliance with current flood standards.
Chris Seveney
Happy Thanksgiving - Lets Stir The Pot With My Unpopular Opinion
28 November 2024 | 1 reply
But we already get deductions for maintenance, repairs, and improvements.
Marc Shin
Visiting my STR property for the first time ever... What should I be sure to do?
1 December 2024 | 15 replies
You can certainly ask the agent who helped you purchase the property for advice too ;)Since you are using a PM to run things, I don't see any need to meet anyone except your PM and the contractor/handyman you plan on using for repairs/updates.
Matthew Giblin
BRRRR Section 8 Multiple Area's
2 December 2024 | 14 replies
Tenant screening often seems to get overlooked because landlords know the income is automatic, but the problem becomes the repairs and maintenance.
Anna Thanopoulou
Material participation - proof to collect
26 November 2024 | 3 replies
This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.
Becca F.
Buying from a flipper vs. primary homeowner vs. BRRRR for OOS
25 November 2024 | 3 replies
Aha yeah I dont really trust flippers to do the repairs correctly - Even with my own flip I was tempted to cheap out on it but you always pay for it in the end!