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23 February 2017 | 2 replies
Prioritize your rehab items and it will become more clear what you should do.
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27 February 2017 | 14 replies
Schedule A is where you show your itemized deductions- you want more of those.
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11 April 2017 | 6 replies
Within each property tab, Column 'A' could be your descriptions of all income/expense line items, and all other columns would be the months, then you could calculate down to arrive at your NOI.
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27 February 2017 | 26 replies
They are only checking to make sure the items in the house work and that there are no safety issues.
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24 February 2017 | 3 replies
Ask if they have any issues that you may be able to address.I treat tenants as customers and have empathy for them - give them some leverage when they fall on hard times - but be firm and let them know that this is your business and you depend on the rent to keep your operation running.There are times when you can supply the tenants with up-grades, Frig, new stove micro wave - with those items supplied you'll be able to increase their rent a little.Treat your tenants with respect - thy are your customers and their rent pays your mortgages and gives you an opportunity for a wonderful cash flow and future retirment.Cheers
23 February 2017 | 1 reply
I would also add removing old,broken,warn out,or enormous furniture that is clearly unattractive and makes the living room and bedrooms appear smaller and less comfortable than they really are.The house should be staged with modern and appropriate furniture to show buyers what they're new furniture will look like in their new home.Excess clothing that is not normally worn should removed from overstuffed closets and dressers and donated to charity,thrown away,or boxed up and stored off site from the home.If your toilets are old or have unremovable stains that look terrible,replace the entire toilet.Bathtubs should be reglazed to look shiny and new again.
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12 February 2020 | 12 replies
Put a key lock on one of the closet doors to store your things you don't want others to use.Have extra stocks of commonly used items like soap, shampoo, lotion.
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23 February 2017 | 9 replies
Now they are asking for the items back.
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1 March 2017 | 6 replies
The only issue with these is if you need to redo siding, roof or other common/shared items, you and your neighbor have to agree on paying for it and coming up with the money.
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1 March 2017 | 2 replies
He's pretty handy but doesn't want a lot of time spent fixing items up or upgrading.