Our deal went to underwriting and fell apart there!

Any thoughts, experiences and anything else you know about running a smaller apartment complex would be helpful.thanks!

Do you carry flood insurance on a long term rental regardless of where it is in Houston?

Personally, I never really have vacancy, although we under write for it & plan for it at ~5% of Revenue ( bank standard here with my bank ) we have yet to have an apartment sit vacant.

When looking at homes for rent, understand those top level penthouses and attic apartments will get very hot in the summer months.

Here’s to hoping I can be a part of the great resource here!

Wife is suddenly back demanding full access to the apartment and is damaging the property (broke door and locks in an argument) to prove her point.

Some improvements to the property are:Exterior steps and walkwaysWasher dryer added in all unitsNew stainless steel appliances: dishwasher, microwavehood, fridge, stove  (all the old tenants owned their own)Flooring for the garden unit, refinished the other unitsGranite counter topsPatch drywall and fresh paint on walls and trimUnexpected items list to name a few:Foundation cracks - fixed nowBathroom vents not actually venting - fixed nowRoof leak patch - heavy rains following closing made it apparentAttic plumbing came apart in the walls - previous contractor may not have properly glued?

My dad has a rental in Brentwood CA and the HVAC (central heat/cooling) is falling apart.

Hi, am looking to remodel only the exterior of a 2-BR home and a pair of garage apartments in the rear of the property.