If you don't, then you can be held liable and be made to pay for damages.

Those properties have mold and water damage.

When there is a future need for a tenant to pay a late fee, a lease violation fee, a legal notice fee, or pay for damages while they are still a tenant, then the pre-paid account is tapped first and the tenant invoiced for the remainder.

The goal is to calculate if it is possible for the tenant to be able to pay your rent on time and keep up with the utilities and to pay for damages if they occur.

The only reasons for a cash only deal that I'm aware of are if the price is too low for a mortgage (under $25,000 or so around here), or if the damage to the property is so excesive that the bank won't secure a mortgage on the property.

I bought my own homes a couple times and helped many friends, so not an expert, but here are my thoughts:1- Bad move on removing the contingencies before the termite damage came through.2- Redfin has a pricing tool to help estimate the cost of the home, she should have used it3- RE agents are not good in general at negotiating down the price.

"divide and conquer" as you will.For instance, our board starts projects, chooses a vendor (say to paint the community buildings) and then allows the vendor to run amuck with almost no oversight, ignores complaints or refers home owners to the vendors themselves for complaints about, for example, damage caused to one's property by the vendor.

I have seen significant appreciation of rents and property values so I have earned equity as well as seen additional positive cash flow.Proper management makes the tenants pay for damages so that also helps keep my expenses down.Tenant selection is the most critical component of property management.

:)Plumbing and draining - fixtures backing upBathroom/kitchen ceiling leaksLow water pressureEntire building inspectionReplace broken window panesRemove drug wrappers in stairwells and around propertyCourtyard stairs have broken treadsRepair holes and cracks in wallsCeiling has water damageReplace doors with proper fire door closuresReplace damaged/missing screensReplace smoke and co detectorsRear brick addition not to original structure.

Forty of the roof airs were considered damaged and would be replaced. mgmt people convinced Lloyds of London that the interior exchanger was not compatible and insurance replaced both.