All Forum Posts by: Alex Goumilevski

Thanks Gary, Patrick and Tim!

Im used to paying approx $225 a square in MD and around $300 a square is what I am getting there. Makes sense if prices are simply higher. Really appreciate the insights! 

Hi everyone!

I am an investor in MD but needed a roofer or someone that knows how to do roofing for my grandfather's house in Talahasee. I only know the big companies and they're quoting a lot higher than I usually pay here for similar roof. 

Just a 1 story house, roof is about 21 squares. 

If you have a recommendation I would highly appreciate it! 

Thanks

+1 vote for Sense financial.

I've had an excellent experience with Dmitriy Fomichenko at Sense. He personally answers my emails, has a great website with info, and was very helpful in setting up the accounts. Prices also seemed very affordable. I think he's got his customer's best interests at heart.

Sensefinancial dot com

Thank you Sam and Omar! 

Omar - if complex is mostly occupied, do you renovate as the units go vacant, or try to end leases specifically so you can renovate? 

Hi everyone,
Wondering what your experience has been in per-unit maintenance costs on 20 to 60 unit projects on a yearly basis? I know this will fluctuate a lot based on marketplace, age of building & systems, how well it's been kept up in the past, etc.

Just trying to get rough data points. Buying my first multi, but on my singles I average 2K per year between maintenance and turnover costs. Average tenant stays 2-3 years.

Thanks!

Sam, Mike, and Kevin, thank you for the replies. 

I agree carpet is the best but also an expensive option. 

I'm just wondering how the current owners got by without carpet since the 1960s until 4 years ago. They did say they had some insulation between floors but I'm sure it got worn out in 50+ years. Maybe people complained and just dealt with it. 

I do see a lot of buildings now with carpet in the bedrooms, but vinyl plank in the living areas. Seems like it's easy to clean and hard to destruct. Have seen it in a few 1980's wood frame apartment buildings as well as new construction apts.

Kevin, 

Have you used gypcrete? If so, how old of a building and what type of construction? Does it just get poured over the plywood? How thick of a layer did you do? 

Thank you!! 

Chase,

I've got the same situation on a building we are looking at.

Could you tell me what the system is called that you use, to monitor the use of each individual pump for the boilers, and were you successful in implementing the billing?

Mathew, great advice, and thanks for letting me know what those units are called.

I googled PTAC units, and it appears they run approx $700-1000 per unit (for the ones that do A/C and heat), plus additional materials, installation, etc. 

I would need to purchase and install 86 of these if we go this route and probably upgrade electric in the units to add more amps to run these. Sounds like a 120-140K job, but would allow for lower utility bills and can pass the cost directly to tenants for heating/cooling.

For oil, I checked and the last few years bills and they included maintenance they did plus propane they bought for the stoves (there is a big propane tank and it looks like it just runs gas for the kitchen stoves, nothing else). 

It looks like I need to buy approximately 13,000 gallons of oil per year for an average winter.

I'll see if we can negotiate better pricing from the oil companies. If their margins are 60 cents per gallon, there is a lot of negotiating power there! I thought the margins were a lot lower than that.

Great info here, much appreciated.

We may be acquiring a multiunit. 

1960's brick built, garden style, 3 story high buildings.

The units had parque wood floors up until about 4 years ago. The current landlord started putting in carpet to reduce noise complaints.

Of course carpet is expensive to replace and a lot of tenants destroy the carpet.

In the past, I've always Costco laminate floors,  zero carpet, in all rentals. But typically buy townhomes...so the only people the tenants could complain to would be their own family members living with them. This would be my first multi. 

Any experience from your experiences, in terms of flooring choices that will keep people from complaining too much, but also keep noise levels down?

Any advice is appreciated as always.

Thank you Patrick!

Had anyone had experience doing "through the wall" units in every room instead of a mini split? My HVAC contractor is saying it's easier to install. These are the ones that are usually below the window, kind of like the ones you see in lower to mid range hotel rooms.