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17 April 2024 | 17 replies
When they are late, I follow strict protocol, I issue a late notice immediately, then after 5 days a 10 day pay or quit.
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18 April 2024 | 14 replies
You must analyze all the data (size of properties, # of properties of each size, location of best producers, regulations, # building permits for that size issued in the last year)3.
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17 April 2024 | 16 replies
It's a beautiful home (in Rancho Del Oro) and hasn't been vacant a day, but we've had several issues through the years with the plumbing.
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16 April 2024 | 2 replies
Given the complex nature of investments and personal finance, I want to make sure I'm making informed decisions right from the start.From what I understand, a fiduciary financial advisor is someone legally obligated to put my interests ahead of their own, which sounds reassuring.
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18 April 2024 | 8 replies
I have seen these terrible scams they are running now that a lot of people have so much equity in there home but after Covid I’d imagine many people have credit issues but these company pretend like they are giving you access to equity in your home but they are actually buying your home and renting it back to you.
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17 April 2024 | 6 replies
The 1099 is issued to you and the IRS to make sure that you are reporting rental income on your tax return.I would use the annual property management statement to report the income and expenses per property.The property management statement will likely include property management fees charged to you and repairs made on your behalf.
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15 April 2024 | 7 replies
I would want to have the deciding vote on any issues that arise.
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18 April 2024 | 12 replies
I want to make sure my property is getting managed well and everything is taken care of such that I minimize vacancy and other tenant issues that would add additional cost and headache, but I haven't ever heard about PM fees being this high.
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16 April 2024 | 10 replies
Being a nice guy, you could give them grace and act in good faith, and let them know that you will give them time to set up assistance, but after the next month, if rent is not paid on time, the eviction process will begin.You also must be careful, bc you get into a legal grey area by being nice and giving people breaks, however if you do not give those same breaks to everyone, you open yourself up to discrimination.I would definitely call that bank and tell them to make it right or they will hear from your attorney.The tenants hardships are not your responsibility.
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17 April 2024 | 10 replies
A common issue in the smokies log cabins is no caulking at the outside base of the tub/shower and along the bathroom base boards.