Kenton C.
Avg cost to make unit rent ready?
7 March 2023 | 15 replies
So I would pay someone that amount to do it, but it would be more than that in my are if I could even find someone to do it all.On charging tenants for anything except legally defined damages (not wear and tear), that can also be penny wise pound foolish as a legal fees and damages in a small claims could eclipse any savings.It is a good question, and you want to be efficient, but I would focus in keeping the tenant longer term (for fewer turnovers) to save money as that turn around fee, if it encompasses everything, may be reasonable.
Jordan L.
Help Please...I'm Being Sued
20 August 2020 | 47 replies
Unless they informed you about something dangerous, you didn’t attempt to fix it, and someone got injured due to your (or your property managers) negligence.Find out from your manager or your lawsuit papers) what the exact mentioned repairs were, and if anyone got injured.
Stephanie Baptiste
Would you buy a nice house in a meh neighborhood?
23 February 2023 | 1 reply
It's a couple of blocks from a well-known dangerous neighborhood in NJ.
Andrew Z.
How to set up accounting and banking for reserve funds.
6 December 2021 | 8 replies
So instead of having say 5K per home set aside you may decide on 30K for the whole portfolio.What works for me personally is fewer bank accounts and rely on software to keep it straight.
Alex Corvin
Minimal/no cashflow, but good potential for appreciation
7 September 2016 | 39 replies
Also, the more and's you insist on having, the harder it will be for you to find deals that meet your conservative criteria (but the safer those fewer deals will be) ... at some point you won't buy anything, so there is a balance that needs to happen there which is fine so long as it is a conscious act of compromises.
Lewis Gichuhi
Problem with wholesaling
25 February 2023 | 7 replies
The harder to find a seller the fewer other people that are willing to do that much work to track them down.
Robert Ellis
UPDATE POST: Franklinton Info For Investors
3 February 2020 | 5 replies
Data is one thing but "the bottoms" is still one of the most crime ridden and most dangerous places in Columbus.I rode by a house for sale for over $250k on Sullivant Ave and it already has graffiti on it.
Jacob James
Investing out of state with a friend
24 February 2023 | 23 replies
Here's the good news: there are far simpler REI strategies with far fewer failure points that can be just as lucrative (like house hacking your own property).
Michael King
ESA and SA Rules - do they apply for a Room by Room SFH rental in Texas?
6 March 2023 | 3 replies
Quote from @Michael King: Types of housing excluded from the Fair Housing Act include:Owner-occupied buildings with four or fewer units.
Kim Durst
I think I might be paralyzed, looking for the STR veterans out there
23 February 2023 | 19 replies
That is dangerous.