Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
Thanks for your initial thoughts. I've been doing a lot of legwork on this and things are looking up. We are still educating ourselves but are not planning to hire a firm. That could change if this becomes a PITA, but for now we're up there every weekend during the summer and believe we could hire out pretty easily cleaning/mowing. We already know a handyman/yard guy who does our fall/spring lawn work for peanuts, and cleaning should doable by tacking on a $50-$75 per rental fee and finding a local (what a renting friend of ours does).
I'm thinking that could be a plan B/C if we need to go that route or things get desperate. Would prefer the monthly fee, as I can just reserve that myself for any damages. Thanks, though.
I'd do $75/mo for all three. Three pets in 865 sq ft? Not a fan of that many in that small of a space.
1) 10% or more....
That is 10% after property taxes but before income taxes though ...right?
10% after everything! Depreciation Expense eliminates most of my expenses.
1) Average is 18% after all expenses (including income taxes) across all properties. 7% lowest, 41% highest. The duplexes return the highest % and represent the most evictions & maintenance, cleaning, and repair costs. The nice, trouble free single family homes represent the lowest.
Holy ####. $5/SF ...and rent for $700/mo.?
One month.
First, identify where you went wrong in your background check. We all get a deadbeat scam artist here and there. Did you fall for a story? Do a criminal and civil background check? Call his employer? Call his previous landlords? Verify everything you can? Likely there was a red flag before you signed the lease if he really is a scam artist.
Moved out, court served him with a failure to pay rent suit and we have a court date.Random said:
I've never raised rent on a tenant (I hike it between tenants), but I would just say something like "due to increases on property taxes and insurance"
Unfortunately we can't hold there stuff hostage. They have another 7 days after the lock out and we have to meet them to let them in to move out the rest of their crap. Technically we do have another option and that's to haul it to storage, but that's not realistic or economically feasible.
I'll tell you what my father did. He'd get my uncle to go over there with a pitbul and a concealed handgun. No ####. They always paid.
for me, number 3 would be the closest thing to what I would want. This gives the security to you, but also gives them some flexibility.
it's hard to say. if I were the landlord, i would probably take into account the overall situation (condition of the fence, how good of a tenant you are, etc.) There is normal wear and tear to be expected, but if you are a PITA, I would at least put it in my mental ledger for security deposit down the line. Also read all the terms of the lease to see if anything is specified that would relate to the situation.
Yeah my guy is either Andy or Adam but could be him. Good news is they are getting out there today, but yeah I gained a few grey hairs waiting for a call back.
We actually found our guy because he worked for the company we used to use. After the third or fourth service call (for different properties) he gave me his personal number and said to call him directly and he could save us a bunch of $. He charges less than half what his company does. Completely replaced a gas furnace in a 4 bed house last winter for $1400 total. Service calls including easy repairs are $100.
yeah sounds good. I try and do a lot of the work myself (living in Philadelphia the rates and charges for some things can be nutty). I got lucky in that I bartended for a 5-6 years awhile ago, and I know people through that. Got a great plumber when I need him, and it is refreshing knowing a professional can come in and won't try and jack up rates or replace a whole thing when the job can be done much cheaper and more reasonable.
Do you call your mortgage company and get a hotel stay covered when your heat is out?
It's going to vary by state.
Good stuff. ![[icon]](/data/avatars/s/5/5167.jpg?1660313464){kind=avatar}
