Real Estate Rookie 3 Things That Will Kill Your Rental Property Cash Flow (Rookie Reply)
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Oct 4, 2024 Floods, evictions, and property management nightmares can terrify new real estate investors. Discover why sewer scope inspections are vital to avoid costly repairs. Learn effective tenant screening techniques to minimize eviction risks. The importance of solid property management is emphasized, along with the need for robust reserve funds to tackle unexpected expenses. Personal experiences shed light on navigating these challenges while ensuring positive cash flow. Tune in for practical advice and insights to safeguard your rental investments.
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Sewer Scope Saves the Day
- Noah Bacon almost bought a property with a sewer line issue.
- A sewer scope inspection revealed $30,000 in potential repairs, so he backed out.
Invest in Sewer Scopes
- Get a sewer scope inspection, even if it adds cost.
- It's a small price for peace of mind and avoiding costly repairs.
Septic Surprise
- Tony's short-term rental property had a septic issue soon after purchase.
- A septic inspection could have prevented the problem, which cost around $1,000 to fix.