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23 September 2024 | 25 replies
That’s perhaps a B area.Do you see 6 inch tall grass, moldy siding, and damaged roofs here and there?
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18 September 2024 | 20 replies
Frankly, it's a lot of nerve to set prices for the property owners.
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19 September 2024 | 2 replies
You can also require a paren on the lease for any student as a back up to cover damage outside the first. last and security.
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19 September 2024 | 11 replies
They will get a $100,000 liability to cover fires, water damage, accidents, and more.As @Greg Scott stated, you should require your tenant to add you as "additional insured" on their policy.
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21 September 2024 | 12 replies
For hardwood, that will take much longer and I'd bet they'd walk on it or move heavy furniture before the top coat is cured and damage it.
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18 September 2024 | 19 replies
This is basically you paying into a bond that will pay damage and lost rents if you are unable to the landlord but this isn't a collective of money pooled together for the common good.
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19 September 2024 | 13 replies
", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.
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19 September 2024 | 4 replies
As a Property Manager in a market where many owners choose to manage on their own, I've seen several examples of owners losing their homes or properties because their tenants did not pay or caused excess damage.
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18 September 2024 | 7 replies
Does that mean I forfeit any right to make any deductions for damage and must return the whole deposit?
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18 September 2024 | 1 reply
My father is in the home improvement bussiness, we just had a hail storm pass through that damaged peoples roofs.