2 November 2024 | 8 replies
Landlord can require tenants to be responsible for separately metered utilities, so can avoid waste.Landlord can get annual small increases in rent.NegativesMost of us don’t treat something we get for free the same way we treat something we’ve worked hard to obtain.S8 applicants claim “broke” and don’t like to pay application feesSame goes for security depositsS8 tenants, in our experience, tend to cause more property damage than non-S8 tenants. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.
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7 November 2024 | 27 replies
@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------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?
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1 November 2024 | 18 replies
When he vacated the property and returned to his home state, he left under hostile circumstances and left significant damage at the house.
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1 November 2024 | 5 replies
The areas probed still seemed solid, but be aware that some types of wood destroying fungal damage will only be detectable once the wood has properly dried out.
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4 November 2024 | 13 replies
I email or text them once again to let them know in writing when I will be filing a forcible entry and detainer (eviction) action and let them know that time is short but they can still avoid the consequences of a damaging eviction filing.
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5 November 2024 | 28 replies
. - Evidence of water damage in the basement.
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30 October 2024 | 2 replies
This is a crucial step in identifying and cracking down on criminal elements.
5 November 2024 | 14 replies
A tenant can do $20k of damage pretty quickly and skip town never to be found again, if you aren't careful.
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30 October 2024 | 7 replies
This is a crucial step in identifying and cracking down on criminal elements.
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31 October 2024 | 8 replies
How much wood is exposed to the elements?