In our area, the utility company will not allow water / sewer to be placed in tenants name, however natural gas, power, and everything else can be as long as its sub metered.

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

If it’s made some money more power to them .

A key takeaway from this project was the importance of budgeting for unexpected renovation costs.

A key takeaway from this project was the importance of budgeting for unexpected renovation costs.

The HOA might encourage swift action, but the authority usually lies with the city.PS: Texas counties have more power over land use regulations than cities in some cases, which can influence how properties in rural areas are managed after a disaste

Unlike traditional PMS that often provide static reports or “dumb data”, RentKeep offers dynamic, AI-powered insights that allow for proactive decision-making instead of just reviewing historical performance.

Hey BP Community! As a fellow residential and self storage investor I needed a new underwriting process to speed up my growth. I’ve been working hard on an AI-driven Quick Analysis tool that cuts down underwriting ti...

This is powerful insight and it gives me hope!

I'm taking a more conservative approach for now as I'm inexperienced and need to be prepared for any unexpected costs, Thank you Nathan:).