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7 January 2025 | 22 replies
Insurance cost for weather-related disasters is growing to a major concern in many of the southern markets.
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2 January 2025 | 4 replies
My goal is to continue to acquire more cash flowing rentals to eventually leave my day job and just self manage the rental properties.
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3 January 2025 | 8 replies
Tenant moved in the first week of December and there's been an excess of communication from the owners for somewhat minor issues or concerns.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.
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11 January 2025 | 7 replies
This then will leave the property free and clear.
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20 January 2025 | 31 replies
@Chris Seveney I'm concerned about having $$$ for repairs when needed.
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7 January 2025 | 24 replies
By no means am I suggesting the funds should not be held correctly but there are other areas a landlord should focus their attention if they are concerned about tenant related liability.
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15 January 2025 | 8 replies
Like you we had 3 teams of two door knockers 2 for safety one women one man.. and we door knocked every NOD in our 2 mil MSA all to boil it down to if we were very lucky to get 2 to 3 deals a month.. now we were a little different I only would buy very high equity deals.. and we leased back .. because as you state 99% don't want to leave..
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9 January 2025 | 18 replies
Price is often not the main or the only concern for the seller, they have other needs.
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28 January 2025 | 71 replies
A few months ago a tenant suddenly let me know they were leaving.
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21 January 2025 | 27 replies
I had tenants that stopped paying rent for 2 years in NY during the pandemic and we couldn't kick them out, i've had tenants move out and leave someone squatting and NY made it impossible to evict them so I had to pay them off, i've had tenants destroy their apartments before they moved out (maggots in the fridge, flushing their kids toys down the toilet etc) so i've dealt with real difficulty.