Michael Beirne
Section 8 BRRRR in Baltimore
11 January 2025 | 13 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Kyle Carter
Screening tenants effectively
7 January 2025 | 5 replies
Additionally, I expect applicants to follow instructions in the advertisement and application, to make and keep appointments, to show up on time for appointments, dress and behave appropriately at appointments, and in general demonstrate throughout the process that they are someone that is easy and pleasant to do business with.
Pixel Rogue
Unique damages from exiting tenant…
30 December 2024 | 5 replies
How do you believe they damaged this door seal?
Samuel Gebretnsae
Seller said "He is not required to disclose water damage repair done"
8 January 2025 | 27 replies
On the disclosure form, the seller had indicated “no” to any known damages.
Sousie El
Seeking Legal Advice on HOA and Water Damage Issue
2 January 2025 | 2 replies
Maybe they would/could take it upon themselves to pay for the repairs to the roof to salvage your unit and prevent further damage then they would go after the HOA to recoup costs.
Alex Tang
Opting for Actual Cash Value vs Replacement Cost if Home Damaged by a Fire
12 January 2025 | 3 replies
Quote from @Alex Tang: One of my rentals was heavily damaged by a fire after Thanksgiving.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
I expect that I may have excessive damage on this home as well.
Shannon F.
VRBO Damage protection and guest verification
27 December 2024 | 2 replies
The guests have a credit card on file and your policy should allow you to charge for damages or excessive cleaning.
Makan A Tabrizi
Nail/Screw Holes in Walls
7 January 2025 | 37 replies
Always be cautious of what you charge on things like paint, flooring etc.. most judges will use life expectancy and divide out a pro rated amount you could charge the tenant for excessive damage and not normal wear and tear