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I know this question will bring a vast array of ideas and supporting stories but I want to know what you park owners and operators out there do for collections. If you own or manage a mobile home park and collect ren...
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Hello all,I'm in the process of closing a deal, so far I've had 2 inspections.First inspection - Necessary. Items were brought up by inspector, no questions about getting this one.Second Inspection: To address some of...
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I own a duplex in Minneapolis, MN and would like to charge the city utilities back to the tenants. Water/sewer isn't metered separately for each unit and the garbage fee is lumped in on the same invoice. Anyone have a...
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This sounds like a legal no-brainer, but wanted some back-up from the group. My PM in Columbia, SC notified me of a potential water heater problem last August. I recommended they make the necessary repairs. Since I ne...
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I had a guy that I have been using to fix my properties here and there offer to take care of all of them (which is 4 properties as of now but will be adding 2 more soon) if I let him live in one of them for free? I wo...
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Hey all,Quick question about general contractors. I have heard from several seminars, meet ups, mentors, etc. that one of the biggest mistakes new investors make is that they pay contractors money up front and end up ...
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I am working through my 2019 tax return, which is significantly impacted by a $200K renovation of a 12-unit apartment building that I finished late last year. I recognize that repairs are deductible in the year of and...
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I've searched the forums previously looking for a property management website for someone with just a few properties, but most of the ones I see are priced (and designed) for larger property managers. I found one ...
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If a tenant breaks a lease/wants to leave early, do I keep the deposit or does the property management company?How about late rent fees? Pet fees/rents? Security Deposits if damage is done to the property?I’m just try...
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I'm going over the PM agreement with a new property manager and there are a few things raising a red flag to me that I'm wondering if they are standard (or becoming the standard): -an additional 10% (on top of the 10%...