All Forum Posts by: Aviram Bilder

Hello,

I own a small multifamily building and live overseas. I want to pay a trusted person to visit the property and provide me with insights regarding the property's condition and management. I do have a property manager in place, however, I want another pair of eyes.   

How much do you think I should pay the person for his visit and insights? What will be considered a reasonable fee? This person lives close to my property.

Thanks!

Hello everyone,

I have recently bought a small multifamily with tenants in place, on a month-to-month basis. The previous owner did not ask the tenants to provide him security deposits.

I have decided to raise rents in 4%-5% and sign the tenants on annual lease agreements. One tenant refused to sign the new agreement, saying it's too expensive for him. The problem is that his unit is a mess. He made a lot of damage that would probably cost me a few thousand dollars to repair in case I decide to find a new tenant. 

What would you recommend to do?