Matthew Wright
Updating multifamily buildings
I understand that value is driven by income when dealing with multifamily (5 units plus), but at what point do upgrades/renovations increase value? For instance if I have an 8unit that has old painted cedar shakes and...
Eve W.
Tenant want to install security system, should I allow it?
The tenants want to install security system with smart thermostat adapter and one main keypad? How should I handle this?
Should I say yes under the condition that the system needs to stay when the tenants move out?
...
Steve S.
How much should I invest in improving a rental property?
As some of you may recall, I'm buying the house I grew up in as my first rental property.
My parents have taken good care of it but it's a 38 year old house. They've been empty nesting for about 12 years.
That sa...
Adel Lee
Difficulty selling flip
House located in very hot zip code .4 beds 3 bath 2010 sqf.started with 360k lowered twice.it had 2 open houses about 10 private showings but no offer.The last customer said that slope of the driveway not good.we put ...
Matt S.
Property Management in Saint Petersburg, FL
Hi All-I bought my first out of state rental about a year ago. Being new to using property management, I'm not really sure if I'm receiving poor service from my property manager or if my expectations are unreasonable....
Elizabeth Grahsl
OK to Keep Negative Cash Flow Rental?
I converted my homestead condo in Uptown Dallas to a rental property 2 years ago when I married and moved, and I am hoping some experienced - and objective - investors can advise me about whether to sell or continue t...
Carl Teravainen
Wood floor damage assessment
Trying to determine deposit withholding for wood floor damage, primarily from dog nails that, I believe, were not maintained, in addition to general lack of cleaning and carelessness. These types of scratches are ove...
Bruce Chang
Am I being scammed by the mold investigator?
I recently had a mold investigator take air samples from some bedrooms a tenant was complaining about. The results showed that there was an elevated presence of allergenic molds. No black molds. The levels that were...
Jodi Baron
Introduction letter and Increase in rent
Hello! We just closed on our first 4plex. We would like to write an introduction letter. We also need to give notice of increased rent. Can you share your ideas or steps?
Edward Messer
Is 14% ever worth it?
I have a verbal quote for 14% of monthly rents for 3rd party property management. I know typical rates are 8-10, sometimes I've seen 12%. But could a PM be rock star enough to warrant a 14% rate? I just can't see t...