For most of my adult life, I was a renter and I noticed sometimes landlords would do some sort of "maintenance inspection" once a year, sometimes multiple times a year and sometimes, never. As a new landlord in Cleve...
Hello BP community! Just put a place into contract in the west Cleveland area! Upon doing due diligence, the owner of the house doesn’t own the appliances, they are rented by the tenants. Is this normal for this area?...
What kind of person would you look for when hiring an on-site maintenance guy for an apartment complex? Would you train someone with no experience? I’ve got an interview for a maintenance worker position at an apartme...
Im buying my first duplex. It has washer and dryer hook ups. Would it be customary to provide machines or have the tenant bring their own? I suppose it could go either way with the machines being provided adding va...
For owners who have used a property manager in the past or have one currently, what are some things that you wished could have been smoother with your experience, and what can be improved upon?
I'm curious if anyone has had a good experience buying a home warranty plan for multifamily properties. I have recently picked up a fourplex and triplex with some deferred maintenance from the previous owners. The ...
I looking to get a consensus of what is the top 3 biggest cost for rental properties owners occur on a consistent basis?
Starting a new lease for small house with old w/d in basement . If it breaks , I don’t want to replace it . Being that I’m renting the house out with a W/d , am I responsible to fix or replace ? How would I word it ...
Hello- I am trying to build a proforma for a specific property but am seeing a HUGE variation in what I should be using as expectation for Maintence and Repair costs, Utilities, and reserves.
Also- CAPEX reserves.
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Hi All,I just wanted to get a quick read on a scenario and a general opinion if you would do the following deals. I am contemplating on selling two of my properties via a land contract/owner financing. This is purel...