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26 July 2018 | 3 replies
Ask any PM you are considering hiring these questions:-How do you respond to repair requests?
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15 May 2018 | 8 replies
Keep in mind at this stage I'm guessing on repair cost and ARV (yes I know they are important.
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16 May 2018 | 13 replies
Old buildings have a lot of hidden issues - be sure you’re allocating enough of a ‘miscellaneous repairs’ fund.
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3 March 2022 | 10 replies
Insurance out side of any flood zone is about the same as the 500 year zone.Flood damage to property is expensive to repair without insurance and a decent rule of thumb is to budget $25/ft for repairing a home in a flooded area [but that can vary a lot depending on the damage]
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14 May 2018 | 0 replies
Heres my question: Id be putting in 6k to repairs and such, would you treat is as a mother in law apartment, as if my mom or kids were down there or as a full rental and witch mean id be claiming rent and writing off the repairs every year?
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14 May 2018 | 6 replies
Jeez I tell you, yes she is now out my life but I have a bad feeling she will dispute the amount though feel I am covered as only charged $100 for cleaning and repair for excessive .5" holes everywhere, $25 for supplies, $80 for the smoke detector she took down and monoxide detecter she took with her plus $200 carpet cleaning and $325 to repair the holes.
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16 May 2018 | 4 replies
Have not seen the 2nd unit.My question is:Any ideas on how my friend's mom can keep her home and get the funds for the repairs?
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16 October 2021 | 57 replies
In those numbers repairs and updates were accounted for.
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14 May 2018 | 5 replies
Almost each of my properties went up by $100 a month more added to my mortgage payment due to rising property taxes (I pay my insurance and taxes through escrow).As tempted as I am to pass the expense on to my tenants, I'm also wary of them moving out as a result which would cost me even more (vacancy, turn over repairs, time, hassle, etc.).
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16 May 2018 | 29 replies
I am going to talk to the property manager tonight (as well as discuss the shoddy nature of the repair - just a small piece of wood attached that didn't even cover half of the broken window on the door leaving the house exposed, and had been that way for a week and a half when I saw it).