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3 March 2019 | 9 replies
Just so happened to ran into the maintenance guy when I was checking out the property and he let me do a walk through in one of the units being cleaned.
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2 March 2019 | 0 replies
As of the past year or so the āmom and popā group has posted a lot of maintenance and repair issues (properties are not old as Iāve rehabbed every unit).
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2 March 2019 | 1 reply
It may not come to that, but since this is your first property I would suggest you go through an attorney anyway, even if it's month to month and it just comes down to sending the notice of termination.When I take over a building I also send or deliver a standard "takeover" or "welcome" letter to introduce myself as property manager and let the tenants know the answers to their two main questions: 1) who do I call/contact when I have a maintenance/repair request, and 2) how/where do I pay rent.Then (if the letters were mailed or delivered without meeting the tenants), I follow it up with an in-person meeting to introduce myself and answer any questions they may have.Usually the main question they have, whether they ask it or not, is whether I plan to raise the rent.
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29 November 2020 | 15 replies
Operating expenses including vacancy, maintenance, property management, insurance, taxes shouldn't be more than $200/month.
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4 March 2019 | 33 replies
I was thinking to buy a nice book with tips for homeĀ maintenance or something related to that, but I don't want them to think I'm pushing them to do maintenance that I should be doing.Ā Ā
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4 March 2019 | 4 replies
What do I have to do to collect rents and pay for maintenanceĀ for properties he owns?
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3 April 2019 | 8 replies
You will also want to understand common area maintenance, especially if you are targeting 3 units or more (lawn care, snow removal, cleaning and upkeep of common areas, etc) and understand the parking situation.
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22 March 2019 | 6 replies
The property is in Halethorpe (Catonsville, Arbutus) and I just need a general overall maintenance but possibly duct cleaning.
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3 March 2019 | 10 replies
You should also figure out what you want your maintenance call process to look like.
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3 March 2019 | 15 replies
I havenāt ever paid myself anything as I was always trying to put away for any expenses, maintenance etc. as well as trying to pay down the mortgage as quickly as I could on the mortgages too.