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13 January 2016 | 5 replies
Our rational is as follows:We can command $30 - $50 additional rent for en-suite laundry;It is a differentiator in some of our markets (not have coin-op in student rentals goes a long way);Installing the laundry ourselves ensures it is plumbed correctly with drip/catch pans (plumbed to a floor drain) under the washers;Providing the machines cuts down on the damage to the building of tenants moving machines in-and-out;Using high-efficiency units cuts down on water consumption;appliances are depreciated over 5-years (in Canada).
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25 January 2016 | 9 replies
Unless you have 50 to 100k liquid or more for the unexpected or gov regulations catching up to you...
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18 December 2013 | 42 replies
A quarterly inspection would reveal signs another person(s) may be living there; extra clothes, personal belongings, toiletries, etc.However, if they, or more specifically their guest, are causing a problem, catching them will give you the needed leverage to evict them if need be.
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31 January 2014 | 22 replies
And you get the benefit of having 40 past ones to catch up on.Two Great reads, I bought both J.
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9 July 2012 | 10 replies
What if my tenant's fire catches spark and burns my property and/or neighboring properties?
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22 December 2016 | 18 replies
The only catch would be the leasings.
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31 May 2011 | 12 replies
You pay the rent or your gone.It's that simple.Even if a property is paid for many landlords stress they have to pay the bank and that gets tenants to pay up.Sometimes not filing eviction but putting the paper on the door will get them to pay.Professional tenants will check at the court house to see if you actually filed.Usually the judge will set up a payment plan to pay some each month on the back rent along with regular rent to catch up.That is usually cheaper for a landlord then them moving and having to recondition and lose rental income waiting for lease up again.If you start going soft that is when the knife goes in the back.When landlords get burned out form doing it for years they start to get mentally drained and let things start sliding.Doesn't matter if you have a 2 unit,20 unit,60 unit apartment or own 10 houses scattered about.If you start to let things slide then tenants talk especially if you are renting other properties to their friends or family.They will talk to each other and start testing the waters coming up with only have the rent or an excuse for no rent etc.
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19 May 2013 | 9 replies
Perhaps we can catch up for a drink sometime to talk about strategies and share insights we have learned.
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12 April 2013 | 16 replies
But for transparency it does seem strange not wanting to give a breakdown of what they are charging for.Originally posted by Matt Stoker:Maybe the person that told you this is the "office person" that mainly answers phones,etc. that bid is high.The person I'm dealing with is the actual owner of the business (they are a small husband/wife business)Rob K, here's a link to the same list the city made for the repairshttp://www.flickr.com/photos/94073474@N03/8558746945/in/photostream
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31 March 2013 | 7 replies
So, I'm coming to the end of a road trip throughout California, and I've stayed in a number of hotels. I noticed that every hotel has 2 similarities -
-Textured Wallpaper
-Really short carpet
I'm wondering if anyo...