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16 September 2021 | 17 replies
Tenant turn over, 2 hours for viewingsTenant signing, handing over keys, showing the unit, questions, etc, 3 hoursClogged toilet, 3 hours DIY with an augerThey pay with E transfer, 0 time involved.
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6 August 2021 | 6 replies
If that doesn't pan out, then go back to long term rentals or sell.
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5 August 2021 | 0 replies
It is listed as a 1.5 bath on city records, however the half bath has a toilet, sink and a standing shower so is technically 3/4 bath.
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28 October 2021 | 35 replies
This is a total lie because they fail to tell you it is impossible to have the house rented every day and the cost for a management company to constantly have to keep the house rented and the cost to clean inside and outside the house, change bedsheet, clean bathtubs, toilets, stoves, refrigerators, and make the house in pristine condition for each new guest is very expensive and time-consuming.
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6 August 2021 | 13 replies
In most cases it always has panned out and well worth the extra time for me...but I only have 6 short term rentals.
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8 August 2021 | 11 replies
I never hear of a law stating that a property owner or manager needs to give s notice stating that there is a change of who is managing the property, but it makes sense that a property owner or management company does give such a notice so the tenant knows who they are supposed to legally answer to and so the tenant knows who is authorized to enter their rental unit, but since you are the owner I don't think a 30-day notice should be required and a certified letter giving even only one day should suffice.As soon as we have any issues with a tenant that pertains to any type of entry problems, laws, lawsuit, or verbal argument we tell the tenant that all communications must be in writing whether through text messages, letters, or notes on toilet paper.In 2001, I made a promise to myself that I would never let a tenant get me emotional or upset and I have stuck with that promise.
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9 August 2021 | 19 replies
I had no clue I'd spent that much right because what happens is is that you start out thinking oh that's a hundred thousand or that's a thousand and then the time goes by pretty soon you got this big bill you're not focused on it right so the key thing is you got to watch your burn rate whenever you do a property you got to sit down and go up and add up all the carry costs that are going to run you monthly not the things that you buy once but the things that burn on a consistent consistent basis right you're flushing those dollars down the toilet every day your project doesn't get done right.
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27 October 2021 | 24 replies
I started really local but it did not pan out so well in cash flow, but did have great equity growth for 1031s.
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21 October 2021 | 8 replies
We planned to tackle waste with a composting toilet to avoid permitting / septic field.