Rental and Cashflow Property - Management, Strategies and More

Do anyone on this site have a premium membership to loopnet.com and/or Costar.com?

I apologize if I have posted this in the wrong area. However, I DESPERATELY need your help if you can give it.

We have a house that we rented out to a family, and their rental contract expired. We have asked them to leave but have refused for over A YEAR now. Finally, we have talked to a lawyer and they provided us with a Pay or Quit notice. They (the family) contested, stating the house was not livable.

The lawyer's response was that until we fix the house to make it livable, they cannot enforce any evictions.

Today, I am going to write about renting your property. Ann and I have rented properties we have owned for over 10 years. Most of our experiences in renting properties we have owned have been good ones. However, I confess that some of what I share with you has been learned through mistakes we have made along the way. Here are a few tips we have learned:

MAINTENANCE OF RENTAL PROPERTY

Today, I am going to write about renting your property. Ann and I have rented properties we have owned for over 10 years. Most of our experiences in renting properties we have owned have been good ones. However, I confess that some of what I share with you has been learned through mistakes we have made along the way. Here are a few tips we have learned:

MAINTENANCE OF RENTAL PROPERTY

Im new at this. I was offered this property and some say do not get into appartments. Others say its a good money maker.

35535 sq ft building, 27-1 bedroom and 11-2 bedroom. Rent between $500.00 to $800.00 a month.

The average cost after rehab is about $30k per unit. And the company that bought the property at an auction is arranging the rehab.

The cost to operate the property can be minimal. 3-5 staff needed only and utilities, insurance, etc..

Im not sure if this is a good deal, Im guessing that the vecancy rate it about 10% for these small appartments.

Im asking vor all you DGers for your professional advice? Is this a good deal?

Appretiate ant reply. Thanks Brian.

The current real estate market is offering up some excellent returns. Whether your interest lies in Commercial Units, or Single Family Homes, there are literally million’s of deals available to you, each and every day.
What happens in these types of scenario’s, is investors will just jump on the very 1st deal, without doing proper research. I am not referring to the property itself, I am referring to the proper research on management companies, and construction professionals. With so many deals available, you should no longer be in the mindset, to jump on the 1st deal.

Looking for some DG family members in the Miami, Fl area. Would love to partner up with like minded person and take this business up a notch

Hello DG folks... I am soon to be a Newbie Landlord with a 3BR 2 ½ B SFR up for lease for 1800/Month plus Utilities... I was contacted by a Broker who only deals with INSURANCE companies... Basically a family loses their Home due to a Fire, Weather, Etc. and they contact their Home Owners Insurance who they contact this Broker to help them relocate to a Temporary Home while their Personal Home gets repaired... This Broker searched Vacancies in the same area and found mine... They are Offering 2800$ a Month plus Utilities for a Minimum of 3 months and then month to month... I will get paid directly from the Insurance Company... Is this legit? Anyone herd of this?

Thanks,
Dan (Mcarlo24)

Does anyone know where you can post free ads besides craiglist, for rental units any help will be appreciated.

Nunzio

Considering Townhouses usually have HOA fees and the HOA can assess additional fees to cover costs for general maintenance, such as new roofs or parking lot repair, are they considered a good cash flow investment?