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All Forum Posts by: Josh C.

Josh C. has started 13 posts and replied 1256 times.

Post: What should I tell my Dad?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

If your systems are such gold and everyone is all over you as you say then go do that and give your dad some free advice.

My partners parents have some rentals that we charged 0% commissions helping them buy and 0% property managements (forever). It reminds me of the times I paid 0% for room and board growing up.

Post: Rental Properties on a Pond

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

I agree with @Nick Giulioni this is very common and all newer neighborhoods have these ponds. People like those vinyl village areas. If it’s that one in Pike they wholesalers just sent out, Pike is very solid rental area. Not too bad at all.

Post: Indianapolis Wholesaler Emailing/Threats Unsolicited re: voting?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Jay Hinrichs

He sent out an email to his buyers list in favor of a presidential candidate. I’m pretty sure that’s what he meant.

Honestly I don’t get the big deal. Why would people be so offended for him practicing his rights and sharing his opinion. Plus the OP gave him his email address, it’s not like Andy stole it. It was a tad aggressive, but that’s who Andy is. If you don’t like it unsubscribe from his buyers as he suggested “however in different terms.” Lol

Post: University Of Indianapolis - Investment Worthy?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Andrew Bonar

My office is about mile from there. I also own several units a little north of that area. I think a solid C is about right. Not nice, but not all low income either. They just built a couple hundred student rentals there 2 or 3 years back and the demand is still there just not as high as it once was.

Post: Seller's agent shared buyer's inspection report without consent

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

Why so much whining and victimhood? A shame people aren’t allowed to make honest mistakes anymore. As mentioned a bunch of times above. You would have shared it anyway. In fact in Indianapolis it would have been shared with the sellers without even asking. If you have a repair contingency you want the seller to see the report. Sort of the point of them.

Honestly what issue is there? How are you negatively affected at all? It actually helps you probably as the sellers had to see it two days before you and were likely sweating it. Call the inspector AGAIN to berate him? Why? Does that help him? That make you feel superior? Stop acting like babies.

Post: Is now the time to invest in Indianapolis?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

I agree with @Mike D'Arrigo we just didn’t see the big dips in 08. Good time all the time.

Side question: how do you buy a vacation home in cash at 21 years old?

Post: Multi family property, 19% CAP rate.

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Matthew M.

Unfortunately you do remove it. It should NOT be included in a NOI Calc.

I wish people were nicer, but still he’s correct.

Good luck! And don’t let a little sour pussin deter anyone from the forums.

Post: Property manager ordered wrong size refrigerator

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Mary M.

I think I’ve pretty much agreed with you on everything, especially ethics and treating tenants well and I appreciate that.

But on this one I disagree you. If they had an older 23 cubic fridge and now they have a new 21 cubic fridge they will be fine. Their quality of life will be fine. It is rental and some things are not always just perfect. Obviously going from a 28 to a 17 is one thing, but likely a smaller change her.

My opinion anyway.

Post: Property manager ordered wrong size refrigerator

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

Unless they ordered a dorm sized fridge the PM should have been firm with the tenant that this is their fridge. period. If they want some special fridge the tenant should purchase it themselves. I can’t believe it made it to you or the PM folded so quickly.

I’ll second that Covid has made appliances very difficult to get. Even the used places are sometimes out of stock.

Good luck!

Post: Old Knob & Tube Wiring

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@John Teachout

Ballon framing is nice til you run into boat loads of fire blocking and inconsistent stud spacing. Plus old growth lumber tears up my speed bits. :)