I need a carpet installer for a couple bedrooms. Not a big job so could be a Handyman. Any recommendations? Thank you.
I have three LLCs with SFH rentals in different states. One has a PM, and I self-manage the other two. What is your exact LLC banking and bookkeeping setup? Have you found a high-yield LLC savings account that can receive rent and pay mortgages and other expenses? Which PM and bookkeeping softwar...
A lot of the owners I talk to never set out to be landlords. They inherited a house, kept the old place after a move, or took a job transfer and could not sell at the right number. Now they are handling a tenant from two states away on a weeknight. Owning a rental by accident is fine. What gets e...
Hi everyone. Does anyone have any recommendations in the Los Angeles area for a full service property management company or a company that converts homes into short term rentals? I'd need them to finish furnishing one bedroom, go through the kitchen to check the quality of utensils, pots, pans, p...
What happens to a lease when a tenant dies in the unit and nobody steps forward? I had a tenant pass inside his unit. Before this was a legal problem, I do recognize it is a loss. A man lived in that unit, it was his home. His family doesn’t want to be involved. I don’t know their story, and it i...
Tenant turnover is one of those things where I think it's easy to go too far in either direction. On one hand, you want the unit to be clean, well-maintained, and appealing to the next tenant. On the other, not every turnover needs to turn into a mini renovation. If the flooring still has life le...
Two tax seasons of receipt archaeology later, I landed on a system that actually stuck: 1. Every rental dollar gets categorized the month it's spent — I use the Schedule E categories as my chart of accounts (advertising, cleaning, insurance, repairs, etc.), so the year-end summary maps straight t...
I have 4 LLCs each LLC is in a different state. LLC #1 has 4 properties, LLC #2, #3 and #4 each have one property. So a total of 7 rental properties. Considering REI Hub for bookkeeping and my credit union which can support business accounts. If I set up each LLC and each property with their own ...
Hi, for San Diego -can anyone recommend a cleaning service or individual that has done a good job cleaning a single-family home between tenants? Thank you
Blue Sky Homes’ is a property management company here in Idaho. The customer service was terrible in my experience. Staff were argumentative over simple concerns, maintenance responses were poor, and vendor workmanship was substandard. Their handling of my deposit raised serious concerns about in...
Good morning, I am reaching to get input from other on what they have done in a situation where the refrigerator has went out and food had to be thrown away. The fridge went out last night and thawed and isn't cold, I went first thing this morning to look at it and have a technician coming at noo...
While running my own numbers, I realized I was only factoring in a loss of rent for vacancy costs. Here in Columbus, service providers charge a service fee, usually around $30-$50 per gas & electric, even if you don't use any power. Add that on top of marketing costs ($100 per month), and you're ...
After spending 13 years in the property management industry, including over 10 years in upper management with leadership roles such as Financial Director, I finally decided to take a leap of faith and start my own company. Throughout my career, I've had the opportunity to experience property mana...
Hi team. I'm looking for a good PM in the Cincinnati, OH area with good referrals, good communication skills, and clear accounting systems. Any good or bad suggestions? Thank you.
I own 27 rental units across the U.S. and Canada. Cash flow gets most of the attention, but I also want to know how much debt I’ve paid down and how my equity has changed. I am horrible at keeping track of receipts and I have two year ends. One in Canada one in the US. Which sucks because year en...
Do you include pest control as included as part of the lease/rent? Or do you leave it up to the tenant to pay for this? Our current policy allows the tenant to pay for it, or not. Its their decision. However recently we had an issue with mice in a property. After calling the various pest control ...
I’ve owned rental properties for many years now. I’m well-versed on property managers, and I’ve worked with some good ones and many subpar ones. But none compare to the horrendous company that is Rentwell in Pittsburgh. Fellow landlords, stay far away from this company. I hope this review can sav...
Hello, my tenant is breaking his lease early and I need to find another tenant by December. Does anyone recommend any property managment companies in San Antonio? Zip code - 78220
For investors building a rental portfolio, what usually makes DSCR financing attractive for a particular property? Is it the property's income, the overall portfolio strategy, qualification considerations, or something else? What makes you consider DSCR over other financing options?
I recently hired a property manager for my Houston rental property. A contractor disabled the HVAC system for an inspection and did not turn it back on. I only noticed because my electricity usage dropped significantly. I alerted the PM and they sent someone out and now I owe them $200 for the vi...
One of the best ways to save time as a property manager is to automate tenant emails, especially for frequently asked questions. And you don't need to be tech-savvy to do it. All you need is one of Claude Pro plans; the cheapest one goes for $20/month. Here's what you need to do. Create two Claud...
Hey everyone! I am new here and looking to buy out of state and wanted to see if anyone had any advice as to how to manage your property independently, even out of state. I know it’s typically unconventional but I am not looking to build a huge portfolio, but keep a low overhead on what I do end ...
Wondering if there are product recommendations to monitor multiple properties for heating and cooling failures? I see there are multiple products that monitor temperature and humidity and as well as alert, have a different price point as well as subscription options etc. Appreciate recommendation...
Hi everyone, I got a property manager to run my LTR for the past 1.5 years due to things happening in my personal life. Now that things are settled, I am planning to transition back to self-management. Nothing against the property manager. Not bad but not notably amazing. For those of you who hav...
I've spoken with several property owners who manage their own properties, and many of them face challenges dealing with tenants, contractors, maintenance, and other common property management issues. If you're a property owner managing one or more rental units yourself, what is the biggest challe...