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12 September 2017 | 4 replies
I did not have Flood Insurance, foolishly thinking my hurricane policy would cover this type of hurricane related damage (learned my lesson) I'm looking at expensive repairs and possibly a home that my tenant can no longer stay in (they evacuated for the storm as did I) which would be a loss of rental income for the foreseeable future, on top of uninsured repairs.
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11 September 2017 | 5 replies
I am currently screening tenants for my rental apartment, a few of them have good credit score (above 700) but their credit history is only 0.5-1 year old.
1 October 2017 | 9 replies
I actually think we are leaning towards moving a small historic house onto the back of the property - found a big time developer that is going to cover the moving costs, because he cant demo the house, so the net cost to us is pretty minimal.
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11 September 2017 | 6 replies
Dead space in attics, basements, breezeways and covered parking can be a boon to the bottom line on rents AND future sales.
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11 September 2017 | 1 reply
I'm curious as how to handle things such as who does the marketing, tenant screening, late night maintenance calls, showings, lease signings, having the last word on whether or not something should be done (like spending money on a contractor instead of doing it ourselves), etc.
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12 September 2017 | 4 replies
Those and facebook will tell me if I want to go further with my pre-screening.
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12 September 2017 | 6 replies
Although, workers told me that he was always checking what they were doing and wasn't happy that the outside camera got covered, even though it was for the time to apply the paint and then it was removed.He reported the fridge was dead and also figured that a smell of sewer gas in the MB is due to a P-trap that was not installed when the sinks were changed.
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16 September 2017 | 20 replies
My C ... well thats a different story, I'm thinking about just selling it because of so much problems and I don't have enough cash flow to cover it all, otherwise I might do the BRRRR strategy (just found out about it) if i can find some private lenders.
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11 September 2017 | 0 replies
Thanks and apologize if this has already been covered some place else.
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20 September 2017 | 10 replies
Is the added income you make worth it, or is the higher rent more than covering that (current use and future repairs/replace)?