All Forum Posts by: Alexandra Jimenez

Does anyone use and recommend a property manager in New Albany, IN?

 thank you! this is what made sense to me, but I couldn't get a clear answer with solid hardwood floors

Thank you! The 4-plex is a historic building in Cherokee Triangle and the previous owner didn't maintain it at all so it needs alot of work. Not a good deal on my end at the moment, but I hope in the long run it will work out. 

 Hi James thank you for your feedback. It turns out I has one of my exterior estimates off so you are correct, that was a relief to find out. If i'm refinishing the floors, does that still go last? thanks again!

Hi there! Does anyone have recommendations for general contractors in Louisville, KY? I need to rehab a 1200 sq ft one-bedroom apartment in a multi-family in the Highlands. Thanks in advance!

Thank you for your insight! I'm about to rehab my first unit and I don't even know where to start. This is helpful. 

When I bought a multiplex, the rent for one of my tenants was at $650 whereas the market rate was $1050. I negotiated with him and told him I'd meet him in the middle at $850.

He ended up applying for Section 8 while living at the property and they approved him for the new negotiated rate, which was $850/month so that's how I was able to raise his rent. My PMC handled the paperwork so i don't know the details of the application.

After a couple of frustrating experiences with two other PMC, I finally found a Louisville PMC I'm 100% happy with: All Property Management LLC.

They've recently branched out on their own after working for another company and now they're efficient and more technology driven than other ones I've worked with. I don't have to worry about my tenants, they're taken care of, and my properties have maintenance regularly including salt in the winter when needed. They've also helped me renovate a couple of units. I can't recommend them enough. They manage 3 of my multi-families.

 Thank you! 

I recently bought a multi-family in Louisville, KY and was expecting to keep the 3 leased units as LTRs and turn the 1 empty unit turn into an MTR. Unexpectedly, one of the LTR tenants moved out and left me with a MASSIVE rehab project I was not expecting to tackle immediately. The tenant had lived there for 30 years. I have no idea about rehabbing a property and I do not have interest in doing so. I normally buy turn key properties to avoid that.

Can someone please give me insight on how I should piece together the rehab? I'm confused about the order. Who should I hire first? The demo of the kitchen needs to happen first but should the floors get refinished afterwards, then the kitchen cabinets installed, and then the paint? I have no idea where to start.


- The kitchen cabinets need to be removed and replaced. I have a quote for $5k

- The hard wood is in terrible shape but I'm recommended that they are refinished in order to preserve the building's historical integrity and because new flooring would be more expensive. I have a quote for $4k

- I'd like to keep the bathroom as-is, but if I renovate everything else, then the bathroom will look bad. I was quoted $5k for the shower+vanity+toilet 

- Plaster and paint for entire unit is $6k

Would you hire one contractor to do it all or do I hire different companies for each item? The quotes are from different companies.

Note: I admittedly went in over my head on this one and the entire purchase was not a good deal. Several factors involved but I mostly bought for appreciation long term. I wish I could put it on the market, but I don't think it would sell. The entire exterior needs to be re-done - paint, siding, box gutters, etc so that alone is going to cost me like $100k. it's a very expensive lesson learned.