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I have been trying to find an option to split the water meter on my four plex. Currently it has one meter and bill that is shared. How have people been doing this? Are there companies that will do it? I remember a...
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Hi BP! Once a tenant leaves and you have to get your property "fix-up" ready for a new tenant, what are you allowed to use the previous tenant's security deposit for?Are you legally allowed to use it to fix "wear &...
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Hello all!
I'm looking to rent out a property and the property has a pool. How would I ensure that it continues to get properly maintained? I can't force someone to use a specific service can I? If so would it be in...
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I have several other properties and pay the property manager a fee on total revenue as well as for any supervising they do for work done on the property. I just bought a new property in Florida with a different manag...
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Hello BP Community,I'm doing some research into how to analyze utility expenses of small multifamily properties (5-20 units) and I'm confused about which utilities you can & cannot bill back to tenants. I know som...
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We have a checklist that we give the tenants WELL before they move out of what the charges are if we have to fix things, so upon eviction notice served, I also included our check list.
We did a walk through with the ...
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What is the standard for Pet Deposits in the industry? We have a 2/2 apt that we have maintained well, mainly because we do not permit pets to renters. However, I am thinking of changing to appeal to more renters. Any...
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1. Do you allow weddings or other events?2. Do you charge anything extra for such an event?So there was a weddings today at our cabin and a rehearsal yesterday. Apparently they had got permission from the previous own...
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We are Private Money Mortgage Lenders. We use a loan servicing software that has a monthly subscription. What are options for having our investors pay their share of this monthly fee? Thanks for any input.
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Hi all,First I have to say, finding this Forum has been a life changing experience for me and I'm just so excited so my apologies if I'm asking lots of questions. I inherited a tenant who has been getting their rent ...