Hi I help my mother manage a property in NYC - brooklyn with a elderly (80s) section 8 tenant. He has been there since 2007, but has been trouble the last few years. Due to covid, he stopped paying his share of the re...
I had a pipe burst in my rental property in December and I am still dealing with insurance company, and contractor. Can I collect lost rent due to this situation?
This question is for those of you who has experience in total gut and turn key on brick duplexes for long term rent. 3 brick duplexes purchase price $25k each. Average monthly income for 2Br. 1Ba. is $ 550.00. How ...
I bough my first rental (duplex, non-owner occupied) 2 years ago and would appreciate feedback on my replacement reserve amount, and thoughts on needing flood insurance in a non-flood plane. Monthly income is $1,995, ...
HiI am considering rehabbing and renting my apartment,it has wooden flooring what seems to me like something of spurious quality it's about 1100sq ft,there is also damaged floor due to water in the past in one of the...
Hello All,I'm wondering to whom I should turn for guidance in the following scenario. I had a roofer do a tear-off and new roof installation of a flat roof on a 3-story townhome in Chicago last summer. As far as we ...
Good morning! I was curious if everyone requires insurance policies for anyone doing work on there home or only for higher risk projects? If the worker doesn’t have general liability and worker’s compensation insuranc...
Hello,I have let a tenant know I would be charging for a couple things, including a pretty bad water stain on a nice new wood coffee table. Tenant complained that I wanted to charge for the stain, for diminished value...
What is your maintenance routine for keeping your rental property in good shape (roof, HVAC, etc). Are you familiar or using any system to alert you to possible damages?
Hello, hoping someone can chime in regarding my questions below.I currently own 4 rental properties all of which are townhomes in the same city in MN. Their current values are as follows: $215k, $155k, $140k and $14...