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All Forum Posts by: Cody DeLong

Cody DeLong has started 30 posts and replied 268 times.

Post: 11 Unit in Livermore, Maine

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186

Had my first turnover ands put in brand new flooring last month, already rented out.  Just got an awesome call from a tenant today letting me know he's leaving as the two apartments on the dies of him are still smoking with the no smoking policy.  His apartment reeks of smoke all the time and he is not on a lease due to him being an inherited tenant. 

So here is my dilemma, I want a non smoking apartment complex.  I also want everyone on leases as people leave. Knowing this guys apartment reeks of Cigarette smoke, what would you do?  I could offer leases for the two people staying letting them know that they can no longer smoke, I can just keep them there and fill the middle apt, or evict the problem tenants and have 3 to turnover mid winter.  I have 11 units total in this complex, we already did a ton of fixes the last 3 months to the point where this winter should be smooth sailing besides if something with heating goes.  

What would you do?

Post: Update on our 20-Unit Apartment

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186
@Tony Castronovo would love to see pictures. Sounds like you’re on a roll!

Post: 3 unit Triplex only one unit needs renovating

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186

Can you email me more info?  [email protected]

Post: Opportunity Zones - Is anyone investing in these?

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186
I plan to as they have them laid out for my state already (Maine). There are a couple that this will be big for and others where properties are already expensive.
@Blaine Watson I started with an 11 unit and have learned A TON. Probably a lot quicker then a 4 unit but it’s been worth it.

Central Maine Property Management for sure!!  Highly recommend them and they're very easy to work with and can tailor to your needs from full hands on with all repairs to just managing and letting you deal with that aspect.

Post: Duplex Conversion Opp - 86 Hill Street, Biddeford, ME. 04005

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186

This single family property is structurally sounds and vinyl sided, ready for the interior to be finished. Once completed, you will have instant equity, as well as monthly income. Town has approved conversion to duplex. House needs complete remodel inside (sheathing, plumbing, electrical, drywall, and roof. Barn needs to be demolished, which will provide space for off street parking. Estimate of $100k in renovations. Option to Purchase to be Assigned.

4 bed, 1.5 bath. 2,163 square feet.

Listing broker not needed. 2% commission offered to buyer's agent.

Respond with email for more photos!

Post: Lewiston Multi Market

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186

@Eric Pierpont I haven't used Schneider but deff talk to Central Maine Property Management. The COO has gone to look at a few properties for me to tell me rehab costs, what it'd rent for, etc. Really saved my *** from making a bad investment.

Post: 11 Unit in Livermore, Maine

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186

Here are some photos of the new sign.  The landscaping hasn't fully been done yet, however we aren't doing a full landscape job until the Spring to first save money, and B winter is coming and honestly it's not going to make a difference currently.

Post: 11 Unit in Livermore, Maine

Cody DeLongPosted
  • Gorham, ME
  • Posts 280
  • Votes 186

yes. Auto correct messed that up. Camden National bank