
29 January 2025 | 0 replies
Central A/C is damaged beyond repair and needed to be replaced, which can't be done economically or with coopperation of the HOA and other neiighboring owners.

26 January 2025 | 4 replies
I recommend you budget 5% of the gross rent (for the whole place, even what the rent would be if you were living in it as a tenant) for repairs and 5% for capital expenditures.

2 February 2025 | 9 replies
This is typically done 3x a year.Hire a company to deep clean the washing machine, drier, and dishwasher.Reimburse us for the combined 8 hours we have now spent on cleaning the home.Repaint the walls, at minimum in the basement.Prorate our rent for the days we are unable to be in the home due to the current issues and any repair time.Please let us know how you would like to proceed.Thank you,Sindy and Cary"You need a professional property manager!

28 January 2025 | 42 replies
I would be interested in connecting, my phone number is in my bio.

31 January 2025 | 27 replies
From repairs and maintenance?

28 January 2025 | 1 reply
In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

3 March 2025 | 12 replies
For instance, one client is currently dealing with a claim where a plumber sent to repair a toilet was accused by the tenant of sexual harassment.

1 February 2025 | 3 replies
Repairs and maintenance was $3492.50 for the year.

3 February 2025 | 7 replies
Since the price of a multi unit is double or sometimes 3x the price of a single family home, would it be smart to start off with a SFH and scale up from there or just make the leap into a duplex that I can force some appreciation with minor repairs.

7 February 2025 | 22 replies
I personally would sell the house - it's negatively cash flowing ~100/month, if you were to add in repairs/maintenance, CapEx, vacancy, rising insurance/property tax costs I would think you're actually losing more than you estimate (luckily it's new so you are on the very low end of that right now).