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11 November 2021 | 7 replies
That being said, every situation and each city is different in terms of what you can and can’t do with the additional unit, but for every problem there normally is a solution.
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5 November 2021 | 1 reply
@Timothy Burnes Don't do it. 10-20k in equity is not worth all those issues.Bed bugs are a significant defect that can take either $5000 and tenting the whole building for heat treatment, which requires vacating the tenants or getting them hotel rooms for a few nights, or a sustained program of prevention with bed risers, leg traps, sealed mattress bags, and the tenants need to keep it up for.. get ready for it.. 6 months, which is how long they can live without a meal.Sewage in the basement could be a big issue if you have a sewer backup problem.The sinking toilet sounds like it needs immediate attention, but at least that's a straightforward repair.The other issues are what I would consider "normal" as in, you could fix them but don't need to in order to make the place liveable.Based on the bed bugs alone I would avoid... if you are comfortable with this level of rehab you should be getting a way better deal.
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16 November 2021 | 8 replies
Regarding HOA screenings - completely normal.
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4 April 2022 | 12 replies
You've also got a monthly meetup normally with Robert Martinez at Rockstar Capital.
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16 November 2021 | 8 replies
Is it normal to task them to get multiple quotes?
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7 November 2021 | 3 replies
Is that normal in your area for apts not to be rented within a couple days?
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28 April 2022 | 7 replies
They would normally look at the whole chain of title and see where the defects are.
8 November 2021 | 2 replies
I would look at other factors like how long they have held the job, how long they have stayed at other addresses, and normal established criteria.
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2 December 2021 | 5 replies
The problem is that with people we know, we are able to do the job without always following the strict guidelines that a normal landlord would have to follow.My question is, now that I'm getting a second property, renting to people I don't know, I want to go back to being as professional as possible, following the right routes, and doing the right things.Are there any forum posts that you guys suggest, in relation to my duties, responsibilities of a landlord, or just tips and things you do to come across as the best possible.Some examples may be;-Do I have to provide snow clearing and salt during the winter months?
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7 November 2021 | 9 replies
This way even if it is something small, I could get my foot into the investment side.