.🛠️ Repair subfloors and framing—this means reinforcing weak spots and replacing damaged wood.🔹 Step 13-18: Exterior Structure (Roof, Siding, Windows, & Doors)✅ Fix or replace the roof—leaks = problems.✅ Replace or repair siding to keep moisture out.✅ Install new exterior doors & windows—huge for security & curb appeal.✅ Repair exterior trim & fascia—small details make a big difference.Pro Tip: If you’re working with a tight budget, focus on structural integrity first.

Management & Leasing FeesManagement Fee: 10% of the monthly rent = $180/monthLeasing Fee (Tenant Placement): 60% of one month’s rent = $1,080 (one-time)Lease Renewal Fee: $250 per lease renewalUpfront & Annual FeesOnboarding Fee: $350 (one-time for setting up the property)Annual Administrative Fee: $45 per year (for statements and 1099s)Reserve Fund Requirement: $300 (held for maintenance and expenses)Maintenance & RepairsOrdinary Maintenance: Any repair costs exceeding $300 require owner approval.Emergency Repairs: Up to $300 without prior approval; HVAC, plumbing, and electrical repairs can go up to $500 without approval.Home Warranty Claim Handling: $40 per claim (if applicable).Multiple Quotes Request Fee: $100 per request if you require multiple vendor quotes.HVAC Filter Supply Fee: $195 per year per HVAC unit.Repairs & Improvements: 10% markup over vendor invoice cost.Additional FeesInterest on Unpaid Sums: 10% late fee with a $39 minimum per month.Paper Check Administrative Fee: $20 per check if not using direct deposit.Insurance Documentation Penalty: $40 per month if proof of insurance is not provided.Eviction Protection Program (Optional): $15/monthProperty Damage Protection Program (Optional): $25/monthTermination FeesEarly Termination Fee: Equal to the management fees for the remaining lease term.Vacant Property Termination Fee: $500 if no tenant is in place.Transfer to Another Manager: $500 file transfer fee. 

- What do you use to screen a prospective tenets credit score, eviction history, criminal history, etc.? 

Aircover is not real insurance, it only covers damage that a guest does, and only then when Airbnb decides you deserve a payout. 

Property needed some TLC as it had some termite damage and active infestation at time of move in, got quotes from contractors to replace some studs but all quotes came in too high so ended up doing most of the work on the home myself which meant the home sat vacant until January 2025 at which point i placed on rental sites but still waiting for vacancy to be filled.

The prospect has not one, not two, but three dogs, for a $1,700 per month house where new carpet was installed last week.

But as long as it's marketed properly and not way over market price, you will get a decent amount of prospects and should rent it out within 2-4 weeks.

Destroying the house calling board of health for tenant damages and literally every little thing creates huge expenses.

I wanted to get some thoughts from those folks who know the insurance industry on a few points:- What if anything does a standard property policy cover (less the EQ endorsement) in the event a building sustains damage from an EQ event.- Are there any other endorsements / options that can be added to a standard policy which act as a substitution or supplemental for an EQ policy?

I'm going to have a floor guy take a look to be sure, but let's assume I can't re-sand and I'll either have to put new flooring over the old original floors or just tell the next prospective tenant, that's how the floors will be, which lowers the appeal of a very rentable apartment.