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25 July 2024 | 11 replies
I'm already giving them increase letters ($45 increase) on July 1st, effective August 1st.
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30 July 2024 | 37 replies
This is when the water company sent me ledgers that shows the funds my property manager deducted from my rents to pay water bills was never paid to the water department on one house.
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29 July 2024 | 11 replies
MULTIFAMILY EGI INCOMEMultifamily GPR: Rent Roll Rents w/ Laggards @ MarketLess - Concessions: 0.50%-1.00% (Depending on market)Less - Vacancy: 5.00%-7.00% (Depending on market)Less - Bad Debt / Delinquency: 0.50%-1.00% (Depending on market)Multifamily NRI= Multifamily GPR - Concessions - Vacancy - Bad DebtOther Income: Get a rent roll detail showing all the other lease charges by unit.
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29 July 2024 | 13 replies
Hoping for a creative solution, but doubtful.I have been renting the property and thus the reason I'm giving it several years rather than waiting the proverbial 1 year and 1 day.
29 July 2024 | 6 replies
Tenant’s failure to maintain any item for which Tenant is responsible shall give Landlord the right to hire someone to perform such maintenance and charge Tenant to cover the cost of such maintenancePremises defined in the lease as follows: Landlord rents to Tenant and Tenant rents from Landlord, the real property and improvements described as: address of the rental property (“Premises”).1.
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28 July 2024 | 7 replies
We have a multi family rental unit which uses oil for home/water heating.Our tenants are responsible for purchasing their own heating oil.We are trying to figure out a way to determine when/if our tenant is running out of fuel.Our maintenance person has communicated that one unit has repeatedly run out of fuel, creating an increase service cost on their boiler.I know there are WiFi options to meter usage.
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30 July 2024 | 4 replies
Separately I have a non paying tenant I am evicting which will cost me c10 months rent but that is another story and buyer beware in dealing with NYC tenancy and housing laws - advice is hire a lawyer from day one of nonpayment.Two questions for the forum:1.
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29 July 2024 | 12 replies
First time we looked at the property, he wanted $65,000 and had only the upstairs rented.
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29 July 2024 | 7 replies
Most people skimp on thinking about this and that's what ends up hurting them when it comes to renting them out.
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29 July 2024 | 5 replies
One property is rented with a tenant in place, and the home in Riverside, CA is the home of the person who passed.