You don't have to sink or swim (but don't be foolish).

They said to me "You are very good at taking care of everything" and on our way out I saw another tenant and said to him "I will be replacing your sink" and he said 'i know, you do everything right"  Now these are 2 duplexes that I bought  fully occuppied so I have been doing the needed renovations peice meal, because of money issues,  and while the tenants are in the apartment while the tenants stayed in place.   

They imagined they would just have to sink more and more and more money into the place, with no end in sight.It took effort, it took investment, it took making a lot of good contacts and beating a hard learning curve, but my wife and I made this place into a moneymaker. 

It costs the same when I need a plumber to come out to repair my leaking sink.

Flooring, paint, cabinets, counters, sinks, toilets, etc.14.

During that inspection we are looking for damages that the tenant will not be charged for when they move out, and we always have them check all sinks, toilets, tubs, for proper drainage.3) Sometimes, a partial main line blockage would not be evident, either during turnover prep or at move-in inspection, due to the distance from the fixtures.

Andre,If I were you, I'd try to purchase using "other people's money" and avoid sinking too much money into Dead Equity.So many clients come to me a few months after they purchase, out of money, credit cards run up for repairs and upgrades, with much lower credit scores, wanting to do a cash out loan.Buy and Hold is the name of the game for the next 5 to 8 yrs. 

No one person can do it all- If you find a handyman that is good at hanging up blinds- don't ask them to fix a sink or fix a dishwasher- have a deep bench of people who are highly skilled at certain areas. 

We will see these more frequently on variable rate debt with near term maturity datesOf course this will put the initial investors behind the new debt on the capital stack but it’s really just adding more buckets to shovel water out of a sinking boat.

Since I have not had use of the dishwasher for the last six months, I now have no where to wash dishes but in the bathroom sink.