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26 March 2017 | 6 replies
All rent is to be paid as a money order, no online pay either.I think I had a shot at the job, but I can sense a 40/1 chance an angry tenant would slash my tires without much hesitation as no surveillance is in place and there is no gate for the parking lot.Closing thoughts:This isn't my first rodeo, I am familiar with retaliation from owners who have trouble following the same rules as the entire community.
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14 September 2018 | 33 replies
News story with camera footage of the disaster at their last house:http://www.ksfy.com/content/news/Sioux-Falls-rental-property-destroyed-411830335.htmlThey are so bad they have their own website where landlords can share their stories:http://thezimmerexperience.weebly.com/#/In some ways I feel lucky that I dodged a bullet, but in business luck only comes to the prepared.
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4 February 2017 | 20 replies
If you have access to a thermal camera you may be able to see from the inside where cold spots are and figure out a way to combat them.Windows are a big area of heat loss too, if they are old that might be the biggest problem.
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20 February 2017 | 19 replies
Make sure you run your number to confirm the property can carry the debt service costs.Once a month is more than enough to be on site, make sure the management company doesn't let things go and that can be a nice trip to take with your dad to go see the property (unless you were involved all these years, you'll need his experience to identify things that might need attention and are not taken care of).On top of the on-site visit, schedule a weekly meeting (can be a web session like Zoom or GoToMeeting) with the PM to go over the property status and the finances.Lastly, I'd install security cameras on the properties so you can check in remotely at random times and see what's going on at the property.Once again, this is just what I would do and as I said in my previous post, I'd start all that with a meeting with an estate lawyer and a CPA.
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2 May 2020 | 7 replies
And then I caught one on camera stuffing $7,000 in Western Union money into his pocket and walking out the back door.3 years later, we finally went to court.
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31 December 2015 | 0 replies
Fastest Internet possible Premium cable channelsUpgraded security -- contacts on doors, cameras, etc.WiFi everywhere!
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2 January 2016 | 5 replies
Some friends would like to set up cameras for properties after they turn off the electricity to the property, and I'm looking into some ultra cheap solutions to do that.
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7 January 2016 | 13 replies
My office survillance cameras are in the cloud too.
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14 May 2015 | 13 replies
In another complex, he had video cameras up throughout the complex, and when a large fight broke out in the parking lot, he evicted all the tenants involved in the fight.
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23 May 2015 | 6 replies
You can usually have a plumbing company comer with a camera to check out the drain lines.