r/LeaseLords • u/Otherwise_Passion461 • 15h ago
Suggestions Rent Redi
How are we feeling about Rent Redi? Is it worth it. I only have one property and don’t want to pay a property manager 10% of each payment.
r/LeaseLords • u/Otherwise_Passion461 • 15h ago
How are we feeling about Rent Redi? Is it worth it. I only have one property and don’t want to pay a property manager 10% of each payment.
r/LeaseLords • u/Friendly_Pilot5123 • 1h ago
Was going through the existing leases for a property I recently bought and found a clause about landscaping that I'm not sure what to do with.
It basically says the tenant is responsible for maintaining the garden, but doesn't really explain what that means beyond that. The previous owner apparently never had an issue with it, but now the garden needs some work and I'm not sure if this falls under regular upkeep or something the owner is supposed to pay for.
I don't want to suddenly enforce something the previous owner never bothered with but I also don't want to ignore a clause that's literally in the lease.
Should I bring it up with the tenant now or leave things as they've been until renewal?
r/LeaseLords • u/rels83 • 23h ago
Just bought a multifamily with one rental unit. The tenant is a dream. I’m trying to keep track of the expenses to give to the accountant. But when it comes to the house there are 3 buckets things done on our personal unit, things done on the common areas, and things done on the rental unit. Thing is I’m not hiring someone to cleanly work on one of those at a time. Today we have a guy coming to patch a bunch of holes in our personal unit, but also put some treads on the exterior stairs.
The question is, what do I show my accountant that is the least waste of his time? Should I make a spreadsheet of expenses and attach evidence? I assume he doesn’t want screenshots of Zelle payments and text messages and invoices
r/LeaseLords • u/Substantial-Guide408 • 3h ago
Found water damage behind a kitchen cabinet at one of my rentals. The flooring is messed up and apparently part of the subfloor too. No idea how long the pipe was leaking for.
Anyway, filed an insurance claim thinking this was kinda the point of having insurance, and now they're saying it's gradual damage, not a sudden pipe burst so it isn't covered. Like yeah, obviously it didn't burst overnight, it was hidden behind a cabinet
Idk if there's even a point arguing with them and I should just go ahead and pay for it myself.
What do you reckon?
r/LeaseLords • u/Hour-Clothes8069 • 3h ago
Bought a rental recently and the built-in oven finally gave out. Figured this would be a pretty straightforward replacement until I started looking at new ones.
The old oven has some weird dimensions, and most newer models don't fit the existing space. Now I either have to hunt down a model that fits or pay someone to modify the cabinetry just to install a basic oven.
The kitchen itself is perfectly fine, so redoing part of it over an oven feels ridiculous. But buying another old model just because it fits doesn't exactly solve the problem for next time either.
Has anyone else had a rental turn into a mini renovation over something as stupid as an appliance? And is it worth it?