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18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
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15 July 2021 | 5 replies
Hi all, I took a break from looking at anything the last few months and see that nothings changed in the last year or so in terms of, not being able to make the numbers work for anything.
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16 July 2021 | 7 replies
I don't have a penalty for breaking the lease noted in the contract.
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15 August 2021 | 8 replies
I will break down the deal as clear as possible, but realize there may still be some missing info.Property: 12.5 acre farm on the outskirts of town.
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18 July 2021 | 10 replies
Ps: in this market everything sells, but in a downward market a good buyer list gonna make or break your business
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20 July 2021 | 3 replies
Shampoo, condition, body wash, hand soap, coffee, creamer, toilet paper, paper towels, laundry and dish detergent, copious amounts of sheets, pillow cases, blankets, etc.Nearly every Airbnb host I have talked to has lost money on cleaning fees, so there is another expense.
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17 July 2021 | 3 replies
At the end of the day a good property manager can make or break your investment.Which of the two types of investors are you?
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17 July 2021 | 10 replies
He usually breaks 2 things while repairing 1, makes decision without telling anyone and takes random days off with no notice.
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28 July 2021 | 11 replies
When something breaks, you have to file a claim and wait for them to schedule one of their "approved" providers.
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16 July 2021 | 2 replies
If the episodes are too long (Usually an hour and a half), then I'd break them down into 45 minute sections to listen to each day.