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16 July 2021 | 10 replies
For example, they can't withhold rent because the Landlord refuses to paint the house trim, but they could withhold rent if the Landlord refuses to fix the water heater or deal with a roach infestation.However, there are steps that need to be taken.
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17 July 2021 | 3 replies
.· Regular inspections and maintenance which save investors money and prolong the life of AC, appliances, water heaters etc.· Using great vendors who only go out once, complete the job and guarantee that if anything goes wrong, they will be back to fix it. · Better rates from vendors because they have large volume of work for them and get special treatment.· Quick turns when property becomes vacant, quality work at reasonable rates.· Saving money for their investors.· Providing great experience for tenants and realizing that a happy tenant is the key for a successful investment.· Help plan repairs and keep you updated on upcoming repairs in the near future.· Willing to admit they made a mistake and correct it.· MOST IMPORTANTLY - Manage the investment not just the property – maintain the asset in optimal condition, constantly increase cashflow, limit liability and avoid issues with the investment.1st Type of Owners/Investors:· Appreciate the work done by their property management team.· Pleasant to work with.· Treat the relationship as a partnership.· Extremely diligent in their initial search for property management companies.
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15 July 2021 | 6 replies
Are you adding in realtor fees and also holding costs like insurance, electric, taxes, water and garbage?
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16 July 2021 | 2 replies
Needs to be fully gutted and had both fire and water damage.
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25 July 2021 | 6 replies
The seller’s attorney obtains the water bill.
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9 March 2022 | 12 replies
You are aware of the POTENTIAL problems; are there things you can do to make it better, like ensuring water runoff is not making it worse.
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21 July 2021 | 5 replies
Most water intrusion is due to improper drainage and can be addressed simply by ensuring the gutters are in good repair, have downspouts and extensions and also make sure that the soil is graded away from the foundation.
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16 July 2021 | 1 reply
Easy to install, looks great, easy to clean, wears well and holds up to water.
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16 July 2021 | 2 replies
My first few inspections were helpful to help understand building systems and routine maintenance schedules (don’t have to worry about that stuff when you’re a renter.)Sadly inspections afterward, for investment properties, only turn up obvious items that’s hard to miss if you personally walk the property looking in the nooks and crannies.Rot, poor wiring, improper framing, water leaks, etc that are behind the walls is when I’ve gotten into trouble.
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30 July 2021 | 1 reply
After two heavy rains water is leaking into the building through the roof and windows.