Owners when you have a property management company, when do you receive a receipt or invoice for the items that were fix or replace in your rentals for the month so you can keep for your records?

This property was a -good- deal if the Roof and the AC needed replacement, and an -excellent- deal if they could be repaired instead.Don’t be afraid to pass on a property that doesn’t work for your goals or the risk is too big.

@Brian BurkeCorrection: Freddie is requiring 6 to 9 months of debt service and Fannie is requiring 12 months + taxes + insurance + replacement reserves funded up front.

An occasional upgrade here and there can help with tenant retention. ie, new kitchen or bath faucets, replace ill appliance, etc.

It’s just a tool to use for value, but like everything nothing replaces the actual analysis of a property to ascertain true value.  

As a Landlord, I would not replace the closet doors.

We are trying to replace a fence in Atlanta, and we keep getting ghosted by fence contractors. 

The carpets are my biggest concern due to the horrible smell, do I need to attempt to clean them or can I just go straight to replacement?

I still had to hustle when a door and a water heater had to be replaced or the plumbing backed up on Christmas day.

Entire cabinet replacement is usually unnecessary unless you are flipping.