Just a hunch, but if your buildings legitimately went up in value by that much and you still lost that much money last year, even if it was related to deffered capex, then this may be the result of poor management.

That is, say they need a wheelchair, you can accomodate them by allowing them to install their own ramp, but you aren't necessarily required to build it yourself.Might be wise to brush up on the Fair Housing Act and chat with a lawyer to understand the nuances in your particular area.If I was in your shoes, I'd ask: "Are there any legitimate reasons I might not want to rent to this person (credit, evictions, felony, etc...)"

Personally, I would contact the tenants to see how legitimate the payment issues are.

This is why budgeting for cap-ex has to be legitimately considered (I’m sure you have), Cash Flow is not just Rent minus Mortgage&Tax&Insurance.

I think the numbers will improve as the eviction ban is lifted (I'm convinced some renters will pay their back rent and late fees) and those who legitimately lost their jobs and/or didn't receive enough stimulus money will get back to work and begin to pay down their back rent.Of course there are some who will continue to not pay and will be evicted but I see a significant number of people going back to work whether with their old jobs or finding new jobs due to their place of employment closing its doors.

Someone came on here to ask a legitimate question and not sure how we morphed into which military guy has a bigger xxxx.

In terms of legitimate numbers, besides the construction cost above, remember that the majority of these homes are very old and adding rooms can be tedious, stressful, and might make you want to pull your hair out!

(And if there are any legitimate repairs that need to be made it'll give you time to make them before they actually move in.)Good luck with these tenants.

Thanks for the tips, I'll definitely have loads of questions lined up for the future interviews I have with legitimate prospective prop. management companies.

If you are going to invest out of state you need a legitimate team with transparent business systems created for investors.