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Results (10,000+)
Mike Harvey Starting with section 8
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.
Connor Thomas How to fix this BRRRR when my ARV is less than planned
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?
Mark Kelley How to warn future landlords / LPs about a tenant / GP
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.
Dillan Gomez Advice needed on results of my property inspection
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.
Ananth Subramanian Advice needed: Problematic tenant moving out!?
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.
Jacob Nevarez First House Hack
5 November 2024 | 28 replies
. - Evidence of water damage in the basement. 
Janet Behm Daily Fines of $500 for Failure to File by Year-End
30 October 2024 | 2 replies
This is a crucial step in identifying and cracking down on criminal elements.
William Vreeland Knoxville vs. Indianapolis
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.  
Janet Behm Multi-Family Will be Fined $500 per day for failure to file
30 October 2024 | 7 replies
This is a crucial step in identifying and cracking down on criminal elements.
Joseph Henry To rent or to sell
31 October 2024 | 8 replies
How much wood is exposed to the elements