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28 November 2017 | 6 replies
Could some of you provide water meter brand and model recommendations?
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28 November 2017 | 8 replies
To keep it as a SFR, we would save on a 2-story porch ($18k) as well as another kitchen ($12k) and a few other needs for multi unit.We could keep it as a 2 unit, but then we have to create a new wall to separate the units again, adjust the main staircase, do the 2 story porch along with a 2nd flr HVAC, dual water heaters & electrical, kitchen and maybe move and/or add a wall.
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30 November 2017 | 6 replies
As far as the roof goes, as a minimum you can roll in the amount of the roof that is directly related to the solar system.
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21 November 2017 | 2 replies
Property coverage – This protects the building from certain causes of loss, like fire, wind, water, etc.Some secondary coverages you should include Loss of Rents/Business Income – This coverage give you the equivalent rent $Property coverage highlights,1) Ideally have Replacement Cost, not Actual Cash Value (ACV).
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25 November 2017 | 11 replies
Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!
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21 December 2017 | 10 replies
My only hesitation with LandlordLocks is I do not believe they have a grade 1 deadbolt which I like to use on external entrances ... however, these days you should be looking at electronic entrance systems on anything but the smallest apartment buildings.
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22 November 2017 | 8 replies
We hike and white water kayak.
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29 November 2017 | 10 replies
But the inspections are on a rotating system, most properties come up for inspection every 3 to 4 years, some sooner.
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28 November 2017 | 10 replies
Tenant agrees to allow landlord use of the utilities on the premises, even if paid for by Tenant, for maintenance, repair and improvements.We had a tenant complain about us using "his water" when we used an outdoor water spigot while power washing the outside of the house he was renting.
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22 November 2017 | 4 replies
If that is the case, if you know what you are doing, you can rent a power generator and hook it into the system for the inspection.