All Forum Posts by: Bob Norris

Rami, I would agree with Eric. $150,000 for a four-plex in Chester County is a pretty low price. There are many different sections with many different neighborhoods and areas that you may or may not want to invest in. If you feel comfortable sharing more information either with this group or privately, I’m happy to give you a more detailed response if it’s an area in southern Chester County. Good luck! 

Love your model Rich.  I would enjoy talking further to you.  

Gia, I Saw your post from a few months back about Cozy. Did you ever start using it? If so, what do you think of it what are the pros and cons and would you recommend it?

Thank you,

Bob Norris

Really appreciate the first few views of the data you have shared with us-keep going!

Thanks

Rick, I mean add a specific line on the lease (renewal or next new tenant) that shows, “water service $x”.

If costs to split the meters is prohibitive, consider adding a water fee line item into your next lease. Even a small fee may encourage the tenants to be more thoughtful when they use water.

QuickBooks Enterprise version allows you to scale and eventually outsource to a bookkeeper. The live support is usually very good.

Why even go there? Many agents would be happy to sign a sales agreement for a shorter duration.  Let your current agent know what time you are willing to list for, and if they won't do it, move to an agent that will.

@Tj Hock, I would be most interested in cost, reliability, and what the job looks like when you’re done. As an investor and property manager, if you proactively offered advise on how to cost effectively improve a property, that would be a bonus.

@Brandon Turner, they may make you bring the house up to code with a change of ownership, which could make what looks like a solid deal into a less attractive one.

I look forward to reading your new book. Thanks for what you do for all of the investors who learn a ton from your sharing and Bigger Pockets being there!

Bob Norris