Lesson learned during closing: ensure the title company has the electronic payout instructions because they tried to FedEx a physical check which had to go through my "accounts receivable" adding 5 business days to get the money into my account.

Lesson learned during closing: ensure the title company has the electronic payout instructions because they tried to FedEx a physical check which had to go through my "accounts receivable" adding 5 business days to get the money into my account.

In the end we had to make numerous structural repairs because of hidden waterlogged structural components.

Hi everyone,I'm somewhat hesitant of buying a building this old in terms of not being able to discover all the "hidden" and perhaps critical issues that might be present.

Hello Jake, the day to day would involve the following: -Platform management -Initial set up of your listing (everything that comes with it & guest book instructions) -determining all parameters if you haven't already done so (availability, price, cleaners, handling of guest concerns, stocking of supplies, accounting if you don't have a VA/systems, etc).There's much to it but if done right feels very much part of the routine and hands off if you coordinate these tasks with your regular ones depending on how many listings you have off course.

TLC--hidden liabilities like old dry cleaner sites, up-to-code-issues (sprinklers?)

I've read about 203(k) loans, and they seem like a good place for a newbie like me to start.I wanted to get the community's opinion of 203(k) loans (pros, cons, traps, hidden gems), and also to ask how I might go about approaching the owner with an offer?

I no longer live in San Diego, but my first couple house were in North Park, nice area (Although it wasn't when I first lived there :-)As to deep cleaning, we find that once a quarter is sufficient....although our regular cleanings get everything except the deeply hidden areas...

Here, in GA I send a letter at least 30 days in advance, telling the tenant that the lease will not be renewed and include move out instructions.  

“Whoever is slothful will not roast his game, but the diligent man will get precious wealth”"Poverty and disgrace come to him who ignores instruction, but whoever heeds reproof is honored.”And my personal favorite:"Go to the ant, you sluggard; consider its ways and be wise!