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7 November 2024 | 9 replies
They usually dont damage the place because they all dont have permanent residence and dont want to get into conflict with anyone usually.
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11 November 2024 | 22 replies
He hit a gas line (not a huge amount of damage), and there is an extra bill coming to me from the gas company for the fix/labor/material costs.
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5 November 2024 | 11 replies
The extent of damage cannot be realized until the drywall is removed.
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6 November 2024 | 6 replies
One option you might try is to go to Bi- Weekly Payments, this way you collect on the same cycle as their paychecks.As long as both of your tenants still have their jobs, I would ride it out, the 2nd thing is how are they maintaining the property, are you going to have to spend thousands of dollars on repairs because of damage to the property.
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5 November 2024 | 39 replies
Who has had their rental significantly damaged by a hurricane/tornado/flooding?
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8 November 2024 | 3 replies
@Bryn Chatterton screening applicants will be SUPER important.This is a copy-paste from our website, so ignore some of the specifics.Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.
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1 November 2024 | 18 replies
Some of the damages include ~$7,800 of missing property, kitchen cabinet doors ripped off, a mangled chandelier, a damaged refrigerator, divots from a claw hammer in the granite, and urine and feces stains on rugs, furniture, and hardwoods from an unauthorized puppy.
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5 November 2024 | 5 replies
A month later the tenant moved out and owed rent and damages around $3,000.
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8 November 2024 | 17 replies
There are going to be three levels of addressing this 1) things you can simply go there and do anytime (pick up pet waste and throw it away) 2) things you can do given proper notice (enter the unit and inspect, repair damage etc) and 3) things you can only do given proper process/procedure (notice to vacate, increase rent etc.)
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7 November 2024 | 12 replies
Here's some hopefully, helpful cut & paste info:------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?