UTILITIES: Tenant must keep utilities on until check out procedureis finished.LIGHT BULBS: Replace burned out bulbs or a $1 per bulb chargewill be taken from the security deposit. 


There is a saying: pigs get fat, hogs get slaughtered.

The numbers will always be worse right after a new property is acquired while you work through inherited bad tenants and deferred maintenance.Wait till the day your cleaning cat poop out of kitchen cabinets, or dead fish out of a fridge because the electric bill did not get paid, or a dirty toilet because the water bill did not get paid, or rolling up carpet to burn so the exterminator can kill the fleas, or a renter turns the water back on while the plumber is working in another room so they can flush the toilet.

Radiators are just cumbersome to layout furniture around (and can burn you if you touch them while running) and the baseboard heaters I have seen, mean you can't get furniture all the way against those walls.

Just make sure they send you a copy.We would NEVER put utilities in our name as we've had too many owners cry broke and burn us.

I am located in Phoenix, bought a property September 2021 that had a 1924 2-bedroom house (not livable at all), and a casita that was entirely burned out, nothing left to be saved except the brick exterior.

Hey gang, Spoiler...it didn't burn down entirely, but we had a fire in the Spring of 2021.

Lending institutions have been burned in the past by seller “throw away” seconds, which were used to jack up the recorded  sales price way above the “real” price in order to lower the buyers down payment by fooling the lender into thinking the buyer was paying a higher price than he really was.  

Purchase price: $350,000 Cash invested: $100,000 Off market 20 unit apartment complex in an up and coming areaLocated 2 miles away from new stadiumDirect to seller via direct mailNo broker involved1 burned down unit5 vacancies Renovation: 100kUsed a hard money lender What made you interested in investing in this type of deal?

They money you will spend correcting their mistakes, especially if they burn the place down, is just not worth it.