Tomer Shani
Question about deducting from the deposit
19 July 2017 | 6 replies
I'd leave it at that, unless you want to gamble regarding them taking you to court.If your contract says you provide a working fridge, then fixing it would be on you anyway.But, you can sure charge them for cleaning it - if you did everything else right.
Vanessa Buccella
New Member from Chicago has a $$ question about existing rentals
8 August 2016 | 18 replies
If you are not making cash flow you are gambling on tomorrow instead of investing in today.
Jennifer Maiolo
Long Term AirBNB Rental
19 January 2021 | 28 replies
As both a short and long term rental owner I’ll just add a few words of caution here...AirBnB and other vacation rental sites like HomeAway are great for the purpose they originated: short term rentals, but they offer minimal protection for the concerns of many owners needing to secure their properties for longer lease terms.As a traditional property manager I’m far more interested in ensuring I pull a full criminal background check, speak with a potential tenant’s present and prior landlord, confirm consistent employment/income sources for > 6 months, and ensure a potential tenant has a track record of paying other bills they have agreed to in writing like credit cards, car loans, and others.On the contrary, at best AirBnB/HomeAway/others give me the following info on guest/tenant: a blurry selfie (that could be their dog)confirmation of a non-specific government IDconfirmation of an email address I can’t seecurrent city/state of residencelist of reviews by individuals running a different AirBnB (that I have no way of confirming is not the guest’s best friend)Property insurance secured by (and in the interest of) someone who is not meWhile I’m OK with taking a gamble on unknown guests using my property for short term stays, stays of longer than 1 month generally involve: Someone looking to move significant belongings in with them (that I cannot legally remove in most states)Moving in for a period of time they’re generally unable to pay for entirely upfrontTenants receiving access only after a legally-executed lease, criminal, background, credit, and income check that’s par for the course in a professional, term stay arrangementEven beyond the blatant lack of risk mitigation tactics common in long term lease agreements, the fact remains that many STR platforms are also skimming 10-20% of gross revenue off the top of owners’ profits for little beyond the initial SEO and payment processing.
Denise Evans
Tenants and Animals
24 July 2016 | 37 replies
Really, I have to agree with Greg on this one, as far as it being easy to deny them, and from my personal experience, it's worth the gamble.
Sharon C Hartless
HELP....I HAVE THE TENANT FROM HELL!
27 June 2018 | 89 replies
That wasn't helpful Ryan and bordered on rude.
Sam Leon
Tenant wants to break lease and has a friend to inherit lease...
23 May 2016 | 28 replies
Or, the Landlord can take possession and charge them rent until he finds a new tenant.Requiring giving the tenant the choice of a termination fee or gambling on the other landlord options, is actually a tenant-friendly move for FL.
Ana Marie B.
Interesting Anti-Landlord Ordinance Approved in Seattle
7 April 2017 | 72 replies
People who earn their living from gambling, for instance, tend to spend a little differently that people receiving child support, alimony, social security, etc.
Maurice Smith
refinanced my loan , need advice before closing
16 January 2020 | 14 replies
A 720 probably would have got me a slightly better rate, but I didn't want to wait and gamble with the market if rates went back up higher.
Nick Brubaker
Best Buy-And-Hold Markets Long Term
5 August 2016 | 103 replies
In the border cities (near WI and IN), population is declining as they migrate across the other states with lower property taxes.I agree with you: Chicago is NOT favorable for buy-and-hold...for CASHFLOW.
Federico Cantero
Is my way of thinking OK or Im just making castles on the san
18 July 2016 | 19 replies
Hi @Federico Cantero,If your deal does not cash flow from the very start, what you are doing is speculating (gambling), not investing.