All Forum Posts by: Dhanush Kondoth

@Todd Kalsey my units are in the 45230 zipcode (Mt.Washington).

Honestly I did not do that much research into what other buildings had. The reason is because I will never know what or how the other buildings financials are looking like. 

My goals is to make my property as much efficient and profitable as possible and a cost of $3000 on water meters and installation for the entire 10 unit was not too much in my opinion. As I mentioned earlier, slow leaks can kill your profit and with these meters, I might have a better chance of reducing the over all cost. 

I don't remember Guardian mentioning a minimum number of units, but it could be because I told them mine is a 10 unit to begin with and was already past the minimum (if any). Let me know if you need any more info about Guardian and I can shoot you a PM

I am implementing sub metering at the moment in a 10 unit (all 2 bedrooms) in Cincinnati. I am using Guardian water meters (Cannot vouch for them as I just started using). My ultimate goal is to bill the tenants back but the other main reason I am installing them is to monitor potential leaks. I have had to pay a hefty amount due to slow running toilets in the past and with this system, I can set alerts and my management team will monitor them and alert the maintenance team asap.

Sub-metering can be done even if you have a single water heater. Installing dedicated shut off valve can be done along with installing water meters. The cost of installing the units run around $300/unit (meter and labor).

@Craig H. Awesome! thanks

Hello Fellow BPians,

Have a 10 unit property in Cincinnati area (45230). Bought it in March and currently under going huge renovation to update it to market standards. I am looking for lenders (short or long term) to either provide a rehab loan or assume the entire mortgage along with the rehab cost. I have already put in 40% of the rehab cost. 

Please let me know if you have lender suggestions  or if you yourself lend on this kind of situations.

Dhanush

 Thanks Jay, Hope to hear from you soon.

 Hello Blair, Haven't studied that market yet. Let me do some research and get back to you. 

 Thanks! I will send you a PM.

Hello BP-ians,

I am looking to buy Multifamily property with minimum of 8 units within the states of Ohio/Indiana/KY. Please do let me know if you have a good deal even if it is not within the above mentioned states. My budget is sub-500k the more expensive it is, the lesser repair I expect on the property right off the bat. So do hit me up if you have any deals. Preferred cities - Columbus, Cincinnati, Dayton, Indianapolis and surrounding. Louisville KY, Mayrsville OH, Delaware Oh. Hope to hear from you soon. 

Dhanush

Hello @Zachary Caudill check out the latest podcast. He talks in detail about how to go about starting to look for "Where to buy" a multi-family.

Good luck

@Bryan C. Thank you sir. I spoke to him and I am meeting him tomorrow. You get a bonus investor point from me :)