What is considered wear and tear on flooring once a tenant moves out?Lets

Hi Jay,Pay to have an inspection done.Pay particular attention to the electric system modernity and sufficiency of outlets, the plumbing and have the drains scoped.You may also have asbestos to deal with, or lead paint if it has not already been taken care of.Good Luck!

I can barely pay for my tuition and rent so I just thought this may be a good outlet to look into for extra cash.

This paragraph is wonderful guidance to giving you a starting point when the unexpected happens.

While I realize that may not be the case with every store, UPS has been a great experience for me, and it's probably less likely to shut down unexpectedly than an independent service.Previously, I had another independent post office box service, and when they went out of business, the US Post Office would not forward the mail!!!

This is not the ideal rental property but the cash flow is good and I already own it so it is convenient for me to rent out.  Let

If the checks turn up anything unexpected, then I don’t feel bad about declining them since they should have disclosed that in their application!

This would be needed if your putting in new light switches or outlets, new plumbing work in bathrooms or kitchens and a host of other things.

Depending on your location, you would probably be looking at the following for 10,000sf and 13 units:- Sheetrock, Tape, Mud: $25K- Paint on Fresh Sheetrock: $25K- Cabinets/Countertops: $25K- New Plumbing: $25K- New HVAC: $25K- Appliances: $25K- Bathroom Tubs/Vanities/Mirrors/Toilets: $25K- New Electrical: $20K- Cheap Flooring (Carpet + Vinyl): $15K- Exterior/Interior Doors: $5K- Windows: $5K- Electrical Fixtures: $5K- Plumbing Fixtures: $5K- Water Heating: $5K- Trim: Door Knobs, Outlets, Switches, etc: $5K- Permits, Dumpsters: $5KThen, add on the 10-20% overhead of having a GC manage it all, and you can see that it's easily on the order of $275K, or about $27/sf.This is for low-end interior gut rehab, and doesn't include exterior rehab, and doesn't include any of the higher- level of finishings you would want to use in a house that you would be retailing.Add those things in, and it's easily $30-40/sf, which is the number that I generally use in my area.

With regard to the repair issues, if they are actually damaging items, such as cabinet, room, and closet doors; breaking outlets, switches or light fixtures; damaging walls or floors, etc., CHARGE THEM  for the repairs!