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26 June 2018 | 3 replies
It is not a matter of either in my opinion, you should enforce your leases as much as you can, if the tenant tries to bend the rules, they should follow the rules or move.
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25 June 2018 | 3 replies
I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.
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29 June 2018 | 18 replies
the major supposition is your counting on lease option purchasers to follow through.. most that do this know that you will have some follow through and some will leave and probably leave you with a bunch of cap ex..
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25 June 2018 | 0 replies
I wrote down all the addresses and did the following for the building we desire the most: -Researched and called Cook County Assessors-Researched and called the Water Dept.
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25 June 2018 | 0 replies
I wrote down all the addresses and did the following for the building we desire the most: -Researched and called Cook County Assessors-Researched and called the Water Dept.
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25 June 2018 | 14 replies
I know I'm not easy to follow sometimes, if anyone even cares.I've seen a lot of posters say how they can help offline, by PM or FB.
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26 June 2018 | 2 replies
Here are some recommendations for you:Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.
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12 July 2018 | 14 replies
So are there specific rules I need to follow if I’m having tenants sign documents electronically?
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4 October 2018 | 13 replies
Post them with the lease violations and the opportunity to comply with SPECIFIC results and make sure to follow up on the timeline you give them.