I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

Another major US tool brand, this time from Montgomery Ward.

Had a few small problems but nothing major.

Determine the strengths of your property manager, if they are experienced in working with section 8 department and tenants with vouchers then I recommend choosing section 8 tenants otherwise look for cash paying tenants.

.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.

Hi River, Nothing major.

Eamon,Any time you face a major issue with a bank/lender and they fail to refund your money or it costs you money and a lost deal due to ignorance or bad lending. 

They actually have pretty limited reach as of now and focus primarily on major metro areas.

You get your own dedicated customer service agent and she handles anything I need in a very fast response time.I have run into a couple issues in the buying/rehab process, but I will say REI has rectified the situation to my satisfaction every time and without major pushback. 

Even though majority of what I buy is non-performing, I just do not want to deal with it.