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9 May 2019 | 6 replies
. - After my independent inspection, they fixed all the items that were found to be faulty - yes, they did.
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13 November 2017 | 7 replies
Immediately after getting an LOI or contract i request the following items....Exhibit BInventory of property tools, supplies and personal propertyExhibit CService contracts including trash, laundry, extermination, lawn service, etc.HVAC and/or boiler reportsExhibit D Property management license (if applicable)Certificate of occupancyExhibit E Certificate of insuranceInsurance claims history for the past 2 yearsExhibit F Commission agreements with the leasing staffCurrent property management contractAny other vendor contractsOther Requested Due Diligence DocumentsLast 2 years of financial operating statementsA year-to-date operating statementLast 6 months of bank statementsUtility deposit registerUtility bills for the last 2 years.Property tax bills for the last 2 yearsIRS Tax returns and addendums for the last 2 years (as relatedto the property only) Articles of IncorporationGood Standing Letter from the Department of RevenueAny licenses in the name of Sathyam EnterprisesRent roll for the property for the last 2 yearsSecurity deposit registerPayroll recordsEach different lease typeWritten property policies such as pets and parkingInformation on all rent concessionsList of any uncompleted maintenance requestsMaintenance and capital improvement history for past 3 yearsLitigation history on the property for the past 5 yearsAny operation manuals for the propertyTitle policySite planArchitectural plansEnvironmental ReportsAny mold inspection reportsAny lead-based paint inspection reportsAny fire system reports or citations
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14 December 2017 | 77 replies
Unfortunately the landscaping got chopped off to repair other items in the home that were more crucial.
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23 July 2016 | 3 replies
I want to choose my battles wisely and told my agent I have no problem disposing of the other contents of the property which is a bunch of furniture and pictures, since it's being rehabbed and we'll have a dumpster on hand to pitch those items but I'm pretty sure I'd incur an extra expense getting rid of the x-ray materials.I did locate a couple of local companies that will dispose of such items and forwarded them to my agent for her to pass on to the seller's agent.Can a seller just refuse to clean out a property?
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11 October 2017 | 7 replies
When receiving cash, always provide a receipt and make sure it itemizes what the cash covers.Unless there is a legitimate reason to provide the tenant with a receipt, we don't.We've only had one tenant request regular receipts and it was to show her case manager, related to monetary support she was receiving.
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6 September 2017 | 6 replies
Charge her for what you have itemized receipts for, don't charge for any of your own time.
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24 April 2019 | 62 replies
You want to move up the 80/20 leverage curve from technician to investor/entrepreneur.In Bridgeport, CT and New Jersey the investment is about 10% of rents collected which frees you from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments.Owners often times suffer from "death by 100 cuts" when having to handle all of these small items, missing opportunities to achieve bigger goals.
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1 December 2018 | 7 replies
It looks like they tried to clean items, but in reality ended up putting items back that were not sufficiently cleaned.
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22 May 2018 | 10 replies
It saves a ton of money on unit turns and maintenance items.
15 September 2017 | 6 replies
One of the tips that my fellow workers in real estate recommed is to find a company that can dispute all of the items across all three bureaus instead of finding a company that only does a few line items on a couple or one different bureau, besttexascreditpros is a good one that i know of at the top of my head, but you can find one in your area that is such a way.