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29 May 2019 | 8 replies
If you have any A/B quality properties Fran from Fifth Realty is a great guy and great property manager
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6 June 2019 | 57 replies
That took some work to get it cleaned out.
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28 May 2019 | 3 replies
If it was a meth lab, it probably isn’t worth cleaning up - it’s a tear-down.
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3 June 2019 | 3 replies
Your best bet is to build a relationship with a quality independent agent that can shop the right carriers to get the coverage you are looking for.
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28 May 2019 | 0 replies
Seems impossible to find reliable guys that do decent quality work
29 May 2019 | 5 replies
How do I have owner replace tenant with a quality tenant before moving forward?
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20 August 2019 | 16 replies
Are their listings detailed with good quality photos?
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29 May 2019 | 4 replies
Quality of the units also vary.Each unit is a 1/1.
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30 May 2019 | 61 replies
We are often able to keep turn over costs in the $500 -$1000 range and that is for larger 2500 sf + single family homes, some of which have two story great rooms.My PM fees vary based on how many units an owner is giving me, and where the property is located etc, but are more than what you're paying but I probably include a lot more services.I offer performance guarantees, but there is no way I would have a Management Agreement that just allowed an owner to walk - they would owe me the remainder term fees if that happened.There is no way I would as an investor, pay tenant utilities at all - if the utilities were not separately metered, I would first determine if I could legally charge the tenants for the utilities in your area or I would not buy the property.There are many things you can do in a lease to protect yourself and reduce your costs (and that may be an issue with your PM's lack of experience - or it could be that your state is very landlord unfriendly) but here are a few items I would have in the lease if allowed in your area:The tenant must thoroughly clean the unit including any carpeting at move-out - we have a detailed example list of tenant cleaning responsibilities in our tenant handbook.We only accept the most financially highly qualified tenants, and often have tenants renew leases, but if a tenant wants or needs to break their lease early, there is a multi month Early Termination fee to help us defray off market time and turnkey make-ready costs due to early termination.Our tenants are responsible for both Pest/insect control and exterior landscape upkeep - though in an inner city townhouse/triplex set up tenant responsible landscape may not be feasible.
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14 August 2019 | 5 replies
Tuckpointing requires setting up scaffolding, then cleaning and pointing, and then tear down scaffolding.