All Forum Posts by: Mark Radford

You're already at war. I'd get them out ASAP. Start fresh.

I would get rid of it. Outdoor pools here in the Midwest are a reason to drive down the price. Probably the same on the East coast. Cheers to a good deal..

In the hot areas public schools aren't attractive to families. Leaving only a renter/buyer pool of singles/childless couples. When these folks get married/have kids they're fleeing to the 'burbs'. Problem is, the next wave of renters/owners are priced out based on Indy wages. Property is now stuck. And competing with all the new apartment buildings. More amenities are needed in some of these areas besides breweries, restaurants, etc. Family oriented retail and better schools is what I'm hearing...to make people hang around longer. Guess it's similar in alot of places. Anyone want to share thoughts on the Red Line and College Ave. corridor?

too many options at *your* current price point

Agree with Deisha above. 46th is a good demarcation point (for now). You probably  need to be below 200k.  Too many options at that price point further north with walkable amenities.  I've seen worse kitchens but that one could've been done better.  Overall good job!

This just came up on another thread recently. You can set up each unit with their own water heater. Pay the water bill and charge back every month or every quarter. Portion out based on square footage of each unit. After a few months the bills should be fairly predictable. If there's suddenly a huge bump then most likely there's a toilet running someone hasn't told you about.

Don't mind at all. As someone who is transitioning from the restaurant business, ANYTHING is easier than that.

@Daria B. We do $250 non-refundable deposit (per pet) + up to $50 per month additional rent with a 25lb max weight for dogs. Prefer no cats but will take. TWO pets max. No aquariums without approval. $10 per fish. (The fish part's a joke.) You will find tenants will sneak in pets, add additional pets, claim they're "pet sitting" for a few days, etc. It's important to check up on the property regularly we've found. Any pet waste in yard we encounter gets one warning and then up to $50 per hour for removal. We used to have a no pet policy but to remain competitive in our area we had to start allowing. Haven't had any major issues.

I know if a similar situation and the buyer turned the business (bookstore) into a large studio. Converted everything to electric heat and metered it out to the tenants. She pays the water but charges it back to tenants quarterly, where the split is based on square footage of their unit.

The utility arrangement seems like a hassle. It also sounds like you'd be getting in the salon business whether you like it or not. I'm assuming they use alot of water and don't mind letting it run since they don't get a bill for it. If all the stylists leave is there a plan for that space? Their clients follow them wherever they land so you could get stuck with no booth rent. What does the insurance policy in dollarslook like for that mixed-use situation?