7 March 2024 | 14 replies
When you list your properties, you can include in the listing that you're willing to accept Section 8 applicants.
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7 March 2024 | 5 replies
We agreed on a section 8 tenant stabilization plan, and after their first full month of taking over, here's how we're doing: Total Properties: 11Total Rent To Collect: $10,240Historically, under Own It Detroit (Mutual Property Management) -- monthly totals of rent collected on the first and before the 5th was typically $1200 LogicPM has inherited tenants who for the past 6-8 months were told as long as payments come in before the end of the month, partial payments included, you're okay.
7 March 2024 | 8 replies
How does the property do if you use 50% of rent as expenses not including P&I?
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7 March 2024 | 4 replies
Including a contingency in the first 3 days after the contract is accepted is a good idea especially if there are tenants.
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7 March 2024 | 2 replies
If you're worried about break-ins, then you need to secure it.We give our clients several options, including removing & storing the mechanicals to avoid theft.Also, check with your municipality to see if they have any requirements.
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7 March 2024 | 1 reply
Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.
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7 March 2024 | 0 replies
This would also include any new Tenants just as above in sect (f)(1).
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7 March 2024 | 13 replies
If so, have you ever done a buy and hold partnership deal that includes one partner invests and the other lives in as principal residence for 2+years during renovation and manages property until sale?
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7 March 2024 | 6 replies
Have you included a clause in the lease agreement indicating that they will be responsible for damages beyond normal wear and tear?
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7 March 2024 | 5 replies
It’s crucial to ensure you’re compliant with your city’s requirements, including permits, taxes, and safety regulations.Ok - that was just a stab at it.