That’s legacy in action.Even “the small things” like timely repairs speak volumes.

Whether it be Taxes or property repairs, maintenance, capex, reserves are crucial to ensure your property stays afloat. 

That way invoices are paid promptly, the books stay clean, and owners can easily see a breakdown on their monthly statements.Some also use property management software (like Buildium or AppFolio) to streamline vendor payments, track invoices, and auto-generate owner reports — which helps cut down on back-and-forth.I’d love to hear what others are doing too, especially if you’ve found ways to keep it simple but still professional.

Turns out there are some low spots, and now I’m dealing with costly repairs.

Miscellaneous repair work

This can include covering closing costs, paying for repairs, or dropping the price.Not sure which concessions to offer?

I am attracted to the higher possible ROI and can do majority of the cleaning and maintenance/repairs myself so I don’t mind the higher turnover.

We decided to keep that tenant.After we took ownership, the remaining tenant started making multiple repair requests—bathroom, windows, and also suspected mold.

This week we discovered some issues that must be repaired immediately.

Why do you think repairs or capex would be a percent of rent?