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21 January 2025 | 10 replies
The Only other deductions that I have right now are $154 for unpaid water bill, and $45 for the minor repairs mentioned (doorbell, blinds, shower).Questions for the group:Does $540 seem excessive for a cleaning charge, given the situation?
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19 January 2025 | 354 replies
Does AHP have an investor portal or just email/phone for fund subscriber communications?
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11 January 2025 | 15 replies
Quote from @Jackie Liu: Hello BP member, I have a friend who currently owns several SFH rentals that is currently managed by a PM in Indiana, according to them the PM has been unresponsive for 3 months, all their attempts to reach the PM has been uneventful (phone, message, etc.).
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16 January 2025 | 19 replies
One, societal norms that your phone only rings these days for someone selling you something or something bad happening.Two, these are passive investors.
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30 December 2024 | 3 replies
For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?
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19 January 2025 | 41 replies
Over the phone (because I was on vacation), I called him and told him he needed to return everything or I would file grand larceny charges.
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11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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19 February 2025 | 57 replies
You the investor and owner of the properties will care about your investment the most, not the agent, not the contractor, not the property manager (they can screen tenants but they still get paid but the repair costs are being deducted out of your rental income and more costs if you need to evict a tenant).I've heard great things about upstate NY and would consider looking in that area or within a 2 hour drive of where you live (not sure if you're near NYC).
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11 January 2025 | 31 replies
As for repairs on the purchase of a home prior to auction there are some professionals utilized by the professionals for costs to repair the home in best and worst case scenarios.
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31 January 2025 | 29 replies
If anything, have a small sign in front of the house that says who the builder is and phone number (that's common for contractors to do, and also so that neighbors feel they have some to call if there is dust blowing from the site or whatever), and then you may have people calling you asking about availability (people always want something more that they had to chase and can tell their friends the story of how they got the house).