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15 July 2021 | 9 replies
So here are pros and cons of managing yourself.Pros: you keep all profits (except 3% to credit card company), get to know guests, create a rapport with regular guests, make it personalized and memorable for your guests (my housekeeping staff was great and would leave flowers for anniversaries and balloons for bdays)Cons: Phone calls late at night sometimes, dealing with guests who are nasty and ignore your rules (ie no pets/no smoking, but it's nice having damage waiver in place), trial and error finding right housekeeping/maintenance/HVAC/plumbing people.Going with a property management company pros and cons:Pros: they deal with all the issues and reservations callsCons: they may not be as attentive to your property as you would be and don't follow through with rules of no pets/no smoking.
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14 October 2016 | 55 replies
You will hardly ever encounter any serious tenant payment issues, evictions or property damages.
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8 September 2018 | 1 reply
Also, the departing tenant will owe us a considerable sum above the security deposit for damages he willfully or negligently caused to the property.
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31 August 2018 | 13 replies
Been doing rentals sinc 1994 and the only claim I have ever had was the fire and it was about $30,000 in damages.
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3 September 2018 | 16 replies
I am not comfortable with not only inheriting tenants that have pretty long leases that I am stuck with, but I will also have no security deposits from any of them should there be any damage or lease-breaking by any of the existing tenants.
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5 September 2018 | 3 replies
What market rents are and the likelihood of being paid on time/no damage to the rental seem to be the golden focuses to me.
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13 March 2019 | 4 replies
@Jordan Archer Nice, I live in the vicinity of the recent SoCal fires and many friends/fam are dealing with the smoke damage in their homes here.
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29 September 2020 | 9 replies
Stop reading, don't get dressed GO bish slap him and get it done!
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4 July 2020 | 9 replies
Hopefully, since they've only been in the house such a short period of time, there really shouldn't be much damage or even wear-and-tear.
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6 January 2023 | 7 replies
Could damage bookings for whatever time window you leave available.