-Low Maintenance: Fewer repairs mean fewer headaches and more predictable cash flow.

Many of these tenants also took such good care of their homes that very minimal RentReady repairs were needed.

If it’s an investment property, you can plan ahead for deductions on repairs, depreciation, and even travel related to managing the property.

A couple quick tips that helped me starting out: run the numbers conservatively (don’t underestimate repairs or vacancies), and start building relationships with local lenders, agents, and property managers early.Are you both leaning more toward single-family rentals or small multi-family to start?

If you ever qualify for Real Estate Professional Status (REPS) or use the STR loophole, those losses could even offset W-2 income.Since you already have construction resources in your family, you’re ahead of the game on rehab costs—that’s usually the hardest part for new investors.This post does not create a CPA-Client relationship.

How do I get ahead of the competition when contacting owners.do I check once a month to see if there is a list out ? 

After PITI, Capex, repairs and vacancies( 5%,5%,10%) we are cash flowing $5600 dollars /month.

.: Hi all,As tenants reach code enforcement these days for drop of hat is it a good idea to keep appliance repairs like clogged dishwasher, refrigerator, washer, dryer tenant responsibility.

. +$100 now, +$50 in 6 months, +$50 at the next renewal. tell them you want to keep them, but taxes/insurance/repairs went up. also, offer a perk (locksmith rekey or small upgrade) to soften it. 3% a year won’t catch up from $775 → $1,100… you’ll be chasing inflation forever.

Sellers sometimes leave junk behind or skip repairs.