One can reduce this by having others on their team that are either investors themselves (that can better estimate repairs based on the intent of the future owner), have construction experience or rely on having actual contractors come out to get legit bids on priority work Vs pre-offer & during inspection periods. 2, 4 & 5.

Anything I didn’t totally “understand” I got an impartial third party to come inspect and “teach me.”Best jump I think I’ve ever done. 

I just got my inspection done and they said it may not be insurable with the current roof.

Both cities have rental registration and inspections, but they’re pretty straightforward if you keep properties safe and maintained.

There’s a type of real estate investor I see from time to time.They collect rent.They don’t get complaints.And they assume everything is fine.They skip quarterly property inspections because it feels unnecessary.That’s usually a mistake.Here’s why:1.

The POS requires the city to inspect your property for any violations prior to sale.

Cities tend to be tenant friendly and require a ridiculous amount of red tape like inspections and other things between tenants.

@Zebediah Lessard, here is a link to the Section 8 Inspection Checklist and Standards.

Hi everyone,I’ve been working in property management for over 14 years and currently manage the operations of an 89-unit residential portfolio along with 5 commercial storefronts in New York.My day-to-day responsibilities include tenant relations, rent collection, Section 8 administration, coordinating maintenance and vendors, handling inspections, and making sure properties stay compliant with NYC housing regulations.I joined the community to connect with other investors and landlords, share experiences, and learn from others managing rental properties.

Tenant quality, turnover, and inspection friction can change fast within a small radius.