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All Forum Posts by: Josh C.

Josh C. has started 14 posts and replied 1280 times.

Post: How or when to pay for contactors (disbursements)

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

You may not get a good contractor by not offering upfront payment. 25-30% upfront is very common. We wouldn’t do any work without upfront money. But don’t pay it all up front. Also, don’t agree to work and then hope they get a supplemental later. Those aren’t guaranteed so make sure you are protected.

Good luck. If it’s a company with a public image and online, you have little risk of them just taking your money and running. Two guys and a truck with no website you should be more careful about that.

Post: How Do You See Real Estate Helping Solve Homelessness?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

So many cringe ChatGPT responses in here. People, you look silly when blindly copy and paste computers.

But the homelessness wouldn’t be solved by housing. If people want to do drugs and have no desire to stop then you can’t help them. Homeless people can re enter society, but they have to want it. Our office for the last 10 years has been in one of the highest density of homelessness areas of the city. And watch out our windows everyday the drug induced zombies happily stumbling all over, digging in our dumpster and sleeping under our overhang. They will only ever get better if they want to and seek help. No law or program helps people that don’t want to change.

Post: Rebellious tenant continually pays $10 short rent, ignores notices. At my wits end

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

@C Rutherford

Check you can even evict over $30. In my area a judge would throw out that case. Your attorney bill would be hundreds of dollars. Even if she paid $10 short for 12 months or $120 then do a non renewal if she never pays. But that’s cheaper than an attorney. Sometimes it’s better to let the math tell you what to do than pride. Being right doesn’t pay the bills.

Priority number one is filling that vacant. That’s costing you 100x over this cat lady, but you seem to be spending all your time on her. Focus on the big important things. You can’t even buy 2 drinks at Starbucks for $10.

Post: Licensed vs. unlicensed contractors in California and new fence or just fence repairs

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

It’s a fence. There is zero liability for you. Dig a hole. Put in post and plumb. Fill with a bag of concrete. Use screws on your horizontal members. Nail the rest. Two teenagers could do this in a 2 days. $100/ft? That’s absolutely insane.

So happy I live in the Midwest when reading this California craziness. You should require a license to do electrical or plumbing etc. It’s a fence. Permits and licenses for everything under the sun is what is driving up costs.

How do you know handyman don’t pay taxes? All of ours do. We send them 1099s each year. Workman’s comp isn’t required for owner operators (in my state anyway).

Post: Are Single-Family Rentals Still a Strong Play in Indianapolis?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

@Drew Sygit

Read all these posts and responses. You and I are the only people writing our actually thoughts in this thread. Everyone else is ChatGPT. The question is ChatGPT and the answers are ChatGPT. I don’t understand it at all. Who is this benefiting?

Post: Property Management Companies - Any recommendations ?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

@Nadeem Najam

We are a mid sized firm in Indianapolis focusing on single family and small and mid sized multi family. Our office is in the heart of Indianapolis where all the tenants live. :) check us out CityPlaceIndy.com

Inside the loop can be great for rentals (100% of my portfolio is there) however, some areas to stay clear of as well. Especially, for out of state folks. Really can change quickly there. Feel free to reach out to talk strategy.

Post: Looking for investor friendly agents in Indianapolis Indiana

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

@Matthew Bonaski

Check out CityPlaceIndy for property management. Great mid sized company with owners still involved in day to day operations.

Post: The Downfall of BiggerPockets Forums?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

Another for AI. It’s the insane how many ai responses there are. They kill all credibility for the person who posted it and the whole forum in general.

Post: Looking for investor friendly contractor in Indianapolis

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

@Schneur Yecheilov I would not recommend you find someone who does it all. Whoever does rental work won’t do the quality you need for a flip. Whoever does flip work will kill your budget on the rentals as will be high quality and slow and expensive. Feel free to DM me if you need anything specific.

Good luck!

Post: How Much Cash Do You Really Keep in Reserves?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,327
  • Votes 1,350

@Wesley W. Bro this whole website has sadly turned into ChatGPT asking questions and ChatGPT answering them. It’s nuts. I don’t even understand why they do it. Does BP have bots that do it to create content or do people post ChatGPT answers to look smart and gain clients?

So obvious it’s AI, it makes them look dumb not smart.

It’s ruining the once great BP. :(

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