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23 October 2024 | 15 replies
Does the property inspection support their asset condition evaluation?
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15 October 2024 | 6 replies
Hello fellow homebuyers,I recently made an offer on a house with an inspection contingency covering the roof, foundation, electrical, plumbing, backyard fencing, and pest infestation.
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22 October 2024 | 7 replies
Make sure you've inspected it, but pay them quickly.
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20 October 2024 | 9 replies
What happens when the city comes to inspect your new HVAC and sees that walls have been opened up to accommodate the same but no building permit was ever pulled?
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23 October 2024 | 28 replies
They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.
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20 October 2024 | 11 replies
You could also reach out to a local, reputable, property management firm to see if they offer a la carte services for lease preparation, application processing, move in inspection, etc, if you are planning to self-manage but need some help with the more formal items.
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21 October 2024 | 10 replies
@Kanika JainAlso consider how you will manage the day to day and long term of property inspections.
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21 October 2024 | 9 replies
Selling property for much higher than what a licensed appraisal would come in at moves the transaction into fraud territory.Note/lien = sales price - cash downAPR: fair reflection of riskIf APR is high => "high cost loan" under CFPB => appraisal and inspection become MANDATORYAnything less than this...that's your butt on the line.
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24 October 2024 | 139 replies
Expect what you inspect and make sure the contractor sees that they can't pull a fast one on you.
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18 October 2024 | 2 replies
Conduct a comprehensive inspection of the property to identify any significant issues or deferred maintenance.