
16 March 2022 | 20 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

16 March 2022 | 1 reply
A specific case would be putting in brand new carpet the week before listing for rent so the FMV and basis of the carpet are the same.2.

19 March 2022 | 13 replies
Not true the ceiling needed to be patched and painted, carpet replaced due to all the stains and mold, the bathroom vanity replaced from moisture damage and the bill paid for the drying company.

25 March 2022 | 10 replies
I’m a long term rental guy… so don’t take me too much to heart, but sounds messy at best!

28 March 2022 | 2 replies
Replaced kitchen, main floors, doors, trim and carpet throughout house.
29 March 2022 | 15 replies
They stopped paying after 5 months and left the house a mess.

29 March 2022 | 1 reply
Upholstery and carpeting stained and slashed by their (illegal) cats.

4 April 2022 | 2 replies
I could definitely see it getting messy trying to combine all properties into one account.
22 April 2022 | 4 replies
My unit has new vinyl flooring, bedroom carpet, kitchen granite, and newly painted cabinets.

3 April 2022 | 1 reply
Features laminate wood floor covering and carpet.