All Forum Posts by: Jimmy Lieu

How long do your renovations typically take when hiring a gc? Wrapping up renovations on one side of my first duplex and I closed in July. Flooring, Drywall, refinish basement, roof, gutters, tuck point around house, and one full bathroom gut all had to be completed. Any tips and recommendations are appreciated. Thanks.

Hi all!

Anyone here have great experiences with Prop Mgrs in Columbus, OH?

Specifically, PMs who happily manage MTRs?

Thank you.
Tanya

Being a beginner, the only markets that I am really tapped into at the moment are all extremely mainstream (zillow, realtor, etc.) and I see everyone saying I should learn to tap into underground markets but I can't seem to find anyone explaining how... Can anyone help with this?

Hi everyone,
I'm an out of state investor (from CO), and looking for an agent and a GC to begin conversations with re: MF investment search in Columbus.

I'd love your objective, from-experience, worked-with-them (or know someone who did) referrals to folks you know are responsive hustlers! :-)  Agents and GC's please!

I am actively looking for MF (2-3 unit) properties.


Thank you.
Tanya

Hi! On occasion I rent to tenants with pets if all the other boxes are checked. Not sure if I need to increase the fees. What do you charge?

Currently I charge a $300 non-refundable pet fee and $50/mo per pet. I think the non-refundable fee is low based on the damage pets can do (not to mention tenants). I am thinking of raising this to $500 and also increasing the refundable deposit by a few hundred. 

SF in Ohio. Rent $1200. Security deposit $2400. If no pets. TIA for your input. 

What is a good way to feel out of state real estate agents and others that I will need to build my business. I am not able to fly to meet up at the moment and probably won't be able to for 6 months or so. What are some good questions to ask?? Thanks in advance!

Hello BP Community! I'm in search of a good land use lawyer who can help me negotiate public infrastructure I am being required to pay for near Waynesville, Ohio (Wayne Twp, Warren County, exurb of Cincinnati/ Dayton) in association with a small subdivision I am constructing. Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc. Referrals are most welcome! Thank you!

Hi BPers! 

I have some short-term rentals, and occasionally, a few of these have turned into mid-term rentals when rented out for several months. I appreciate the ease of management that comes with mid-term rentals, but I have some concerns. For one, the rental income tends to be lower than with short-term stays due to the necessary discounts, yet we still face most of the usual costs, aside from savings on cleaning and supplies. Additionally, each deep clean after a mid-term stay costs around $300 or more, which almost negates the financial benefit of the mid-term rental model. Repairs after tenants move out also are significantly higher. 

I'm curious about everyone's thoughts on the pros and cons of mid-term rentals versus short-term rentals. profit margin on STR is getting thinner, and I'm interested in exploring other strategies. I'd love to hear from those with more experience to see if my observations align with yours and if there are tips for managing costs or maximizing the benefits of mid-term rentals.

Thanks!

Lee

Hello BiggerPockets community! I'm Mark Dunn from columbus OH, passionate about real estate investing for 5 years. I'm particularly passionate about Columbus, Ohio

Outside of real estate, I enjoy family, faith, and farming, travel, also a huge veteran advocate

Excited to learn and connect with you all!

Hi everyone My name is Allante Loper based in Michigan. I have been in the industry for sometime now and want to start investing. I am interested in both residential and commercial investment properties. Looking to connect and learn!!!