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Results (10,000+)
Ki Lee Property Management is ripping me off??
30 May 2019 | 61 replies
We are often able to keep turn over costs in the $500 -$1000 range and that is for larger 2500 sf + single family homes, some of which have two story great rooms.My PM fees vary based on how many units an owner is giving me, and where the property is located etc, but are more than what you're paying but I probably include a lot more services.I offer performance guarantees, but there is no way I would have a Management Agreement that just allowed an owner to walk - they would owe me the remainder term fees if that happened.There is no way I would as an investor, pay tenant utilities at all - if the utilities were not separately metered, I would first determine if I could legally charge the tenants for the utilities in your area or I would not buy the property.There are many things you can do in a lease to protect yourself and reduce your costs (and that may be an issue with your PM's lack of experience - or it could be that your state is very landlord unfriendly) but here are a few items I would have in the lease if allowed in your area:The tenant must thoroughly clean the unit including any carpeting at move-out - we have a detailed example list of tenant cleaning responsibilities in our tenant handbook.We only accept the most financially highly qualified tenants, and often have tenants renew leases, but if a tenant wants or needs to break their lease early, there is a multi month Early Termination fee to help us defray off market time and turnkey make-ready costs due to early termination.Our tenants are responsible for both Pest/insect control and exterior landscape upkeep - though in an inner city townhouse/triplex set up tenant responsible landscape may not be feasible.
Joe Hermanson Handyman recommendation for Rogers Park
14 August 2019 | 5 replies
Tuckpointing requires setting up scaffolding, then cleaning and pointing, and then tear down scaffolding.
Kevin Ha Finding tenants in NYC, lower income
19 June 2019 | 5 replies
I would definitely say to learn all the methods yourself so you are aware of the process.
Alex LaBelle Landscaping Negligence caused AC to go out
3 June 2019 | 6 replies
The deposit is your leverage to ensure they pay last month's rent and leave the place clean.
Jessie Keating Bought the book by mistake, but now I am fiercely dedicated
6 June 2019 | 14 replies
I have become accustom to my standard of living and where I live, and I wouldn't want to downgrade if I really don't have to.Some are HUGE proponents of doing so, so it your case, theyd rent the home, then move into, say a duplex and do the househacking method.
Chadd Brandon What Avenues are You Utilizing to Get Your Deals Funded?
4 June 2019 | 31 replies
Have multiple exits in mind starting with your first preferred method followed sequentially by the other exits prioritized if your first exit strategy isn't going to bare any fruit.
Donovan Daley Airbnb/Short term rental in Fort Lauderdale
30 May 2019 | 5 replies
I have automated the cleaning and check in/out process.
Jessica Sarantakis Rehabbing Mobile/Manufactured Homes
12 June 2019 | 7 replies
Now my sweet spot is bringing the exterior up to current park standards and cleaning and getting the interior "ready for rehab".
Travis Washington Installing Fence for Rental Property
30 May 2019 | 11 replies
In our office, we try to get our homes to a "hotel clean" or "hospital clean" condition.
Tyron Searight Any best tips for contacting a out of state absentee owners?
29 May 2019 | 0 replies
I have a line on a few properties owned by an out of state absentee owner and I'm trying to find the best method to contact them the numbers I've skipped have not been valid thus far and I need a different tactic so I'm curious what other people are doing in this situation?