27 February 2020 | 1 reply
Call the local water authority and get the last year's bills.What about lawn care, snow removal, and admin/professional fees?
2 March 2020 | 14 replies
I then tell them plainly you can come out of pocket $x amount wait 2-4 months and make an extra $x amount or I could give you $x in 21 days or less it’s whatever you feel works best for you.
27 February 2020 | 10 replies
They were in the deal, come higher or hell water.
9 March 2020 | 6 replies
I am seeing people pay 275k for dilapidated 4 families with 50k deferred maintenance renting for 625/mo/unit and LL responsible heat and water.
6 March 2020 | 7 replies
(Water left on etc).
29 February 2020 | 12 replies
With the water supply lines underneath the home, it's important to wrap them in heat tape and make sure the skirting is always secure.
1 March 2020 | 38 replies
This costs about $75 per month, or, if I can get one of the tenants to allow me to set up my "Automation Hub" (I use Smartthings HUB in my setup), I will give the tenant $25 per month towards their bill.There are many ways that Smart Devices can help, not only in the case of smoke detectors.I have motion detectors which turn on and off lights, cameras that record to the Internet, leak detectors that tell me if there are problems with my basement, particularly if one of my equipment like a Hot Water Heater or Hot Water boiler is leaking, etc.In fact, I normally buy properties in transitioning neighborhoods, capturing the appreciation as the neighborhood gets better.The Internet Cameras became very important in this situation for 2 reasons:1) I kept getting sanitation tickets for dirty sidewalks.
4 March 2020 | 13 replies
Long play for appreciation seems ok, many people on west coast do appreciation over cash flow.you might want to plan more Maintenance costs depending on age and condition of roof, siding/paint, furnace, water heater, plumbing ectProperty management for 8-10%, unless you will manage yourself
28 February 2020 | 2 replies
Hopefully the information warning will be enough to get them to shape up before I have to move into more legal waters.
27 February 2020 | 2 replies
Once the valve opens and the water turns on, a leak or flood will likely follow.