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17 May 2016 | 19 replies
In the past, it wasn't worth dealing with an aggressive tenant, so I just waited it out (after experiencing enough loss of sleep).What you might consider is offering the tenant a portion of their security deposit back on the day they hand over the keys (if there's no damage) instead of making them wait, in exchange for cooperation in showing the unit.
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17 May 2016 | 9 replies
The same day they moved out, my property manager e-mailed me pictures of the now-vacant property, and said the bid for any "Make-Ready" items (paint, cleaning, yard, etc), would be coming soon.
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18 May 2016 | 3 replies
Hello - this may be a newbie question but from reading the various articles on BP and Investopedia, my understanding is that Net Operating Income (NOI) is defined as operating expenses required to run and maintain the property but excludes Loan Payments, Capital Expenditures, Depreciation, and Amortization.The IRS has recently raised the Tangible Property Expensing threshold to $2,500 (from $500 previously) per item so if you took advantage of this change, wouldn't it decrease your NOI since you can expense smaller capital items as repairs & maintenance instead of capitalizing and then depreciating them over time?
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22 May 2016 | 9 replies
If this were a SFR I could move the house but I can't very well chop off the condo so she or her heirs will have a nice, free condo in 26 years.I have had the condo rented for the past 10 years but at a loss.
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20 May 2016 | 4 replies
Statistically, one in every five toilets is leaking, so you’re losing money on every unit.So how can you minimize your losses?
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18 May 2016 | 3 replies
Also looking around colleges where there is a steady stream of renters.I'm not looking to put any more in the property than normal wear and tear items, carpet, paint, minor repairs.
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24 May 2016 | 17 replies
You can ask them for an itemized pay off at this point.
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19 May 2016 | 9 replies
All in these items are respectively $8,200 septic and $6,000 for the water.I'm tapped out...
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19 May 2016 | 5 replies
If your invest will do better than your debt item go for it.
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10 October 2016 | 18 replies
Apparently, all of the items listed on the original scope of work need to be done and nothing can change without some authorization from the bank.