We generally will file FC so the borrower knows that they have a deadline to deal with and as a tactic to bring them to the table to start a dialogue for loss mitigation. 

I'm taking the proactive route to find any this type of hazard early and mitigate my risks.

Hello Bigger Pocket's people. A local agent suggested this forum and I can see it is a wonderful community. Thanks for letting me participate.We moved to SWFlorida over a year ago from PA. There, prior to moving, we h...

Some costs you are only able to reduce by so much.What then, can a commercial property owner do to mitigate these costs?

Some costs you are only able to reduce by so much.What then, can a commercial property owner do to mitigate these costs?

If it is are there ways to mitigate this in advance or do I just need to continue calling lendors until one agrees to cover a detached multifamily.

Pipes are the toughest,  mostly because they are hidden in walls, and fixing them involves ripping out walls and mitigation of water damage. 

Any recommendations for steps I can take to mitigate the issue?

Any recommendations for steps I can take to mitigate the issue?

All of these worries are possible and serious, but there is some good news to all this: those risks can easily be mitigated with just a few tips and tricks.Below you’ll find the three most common tenant risks—and our industry knowledge, strategies, and tools to help you solve each.A delinquent tenant and a vacant property both mean no cash flow for the investor.Vacancy:  When investors think of vacancy, they envision empty lots and homes.