You are LOSING money because you didn't even raise rents to cover those increases!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

If s/he'd been putting aside reserves, the repair would have been covered by funds already in the bank. 

Buyers want longer letters that cover more items.

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

Since traditional agent training doesn’t cover investing, supplement your learning with books, podcasts, and investor meetups.Good luck!

Our agent negotiated us a credit for one aspect (floors) but given the true work that really needs to be done is there anything we can do at this point... like arbitration to cover costs of actual work that needs to be done.

Point is, risk exists with ALL of it and there is no sure fire "guaranteed" anything.

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

Jason - First, we care about our users, which is why our policies exist.