Frustrating days in property management. After publicizing and finding a good prospective tenant of the luxury condo my owner told me he didn't want to rent it. He wants to sell it. Anyone want to buy a great 2 bedroom condo in Crescent Rim. Only $425K! I won't actually have the listing because the builders agent will get it but I could bring the buyer.
One unit ran so smoothly that the owner is taking over. My hardest and most important work is to find a great tenant so the rest of my job looks easy.
Plumbing disaster in one of the homes I own. Sewer backup into the house. Lots of floor damage. Very inconvenient to the tenant. It is a great idea to get renters insurance. That way if the home you rent has a problem you can be put up in a hotel. Also my policy does not cover damage to the tenants possessions. I always recommend it in my lease but not all tenants get the insurance.
Show All Comments
Sort:
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer
Don't sell your property management expertise/talent too cheaply.....have a minimum fee AND a cancellation clause whereby you get $$$ if the contract is cancelled within the first year...
Aug 28, 2014 07:52 AM
Like
favorite_border
2
-
Debbie Holmes
Boise, ID
John L. Scott - Boise, ID
Gets the job done!
My contracts are for a year. I think you are right about having a cancellation clause.
Aug 28, 2014 09:22 AM
Glendale, CA
Debbie - You are right, in some cases property management can be annoying.
Aug 28, 2014 11:20 AM

Comments(3)