All Forum Posts by: Will F.

Thanks everyone for the advice. So in multifamily I take it that it's hard to find buyers agents. Seems odd to me, because I would have assumed the commission would be split like in Residential RE? What about buyer protection and how do I cover my own *** like a buyers agent would in residential?

Should I just find bird dogs or finders fees for properties or do most small investors just do all the searching and property analysis themselves?

Anyways I'm still looking for properties if anyone knows. Been searching for a while, found some descent properties, but would like to find something better. Thank you everyone for your input.

Ty can you contact me I'm in the South bay area. We were actually looking at properties in Long Beach primarily. I invest with family and have experience with SFH to 4plexes. We are now trying to find good cash flowing apartment buildings :)

I also wonder if there's another way. But I do know on Redfin.com when you are looking at any given property you can also pull up demographic info. It's a link near the bottom of the page under "Community and Schools"

Thanks Joe. So are you saying that there aren't 'buyers commercial brokers'? Do apartment investors usually not use buyers agents?

Aren't buyers agents good for representation and also to find something I can't find, or are you saying that

Should I just keep searching loopnet for properties or would it make sense to find a buyers agent?

Anyone recommend on in the LA area? or should I just call up some brokerages and ask for agents/brokers that specialize in apartments

Where can I find a broker that specializes in Apartment buildings? How do you usually go about it?

Do you usually have to sign a buyers contract with them or do they just search for properties for you?
OR should I just go the route without haviing a buyers agent to repressent me and just save the commission?

What should I be looking for?
I want someone who is hands on and helpful, and also experienced and professional

I wonder if an insurance would cover that if the tenant gets injured or something?

How about if you actually had an agreement for te tenant to do the work and the tenant gets injured and or sues?

Anyone know?

Thanks guys.

I guess I'm just stressed out. It's hard to find good people. The thing is I have had this guy who has been doing repairs/ improvements on a lot of our houses.

Your suggestions for finding handymen/contractors are good...I have to build those up over time, but for now I will just go with whoever gives a cheaper bid

He used to be very reasonably priced, but this time for roofs he was coming in with prices over what professional roofing companies were. I was surprised as one of his estimates for a 1,700 sq ft home/garage was $8500 where the professional roofers were from $5,800 - $8,900 quoted for tear off and reroof.

For a large flatroof office I manage, a company quoted me $11,000 for tearoff and flat re-roof. (luckily i don't own this building and won't be footing this cost.

It's just so damn expensive! I was trying to save up our reserve cash to purchase new, but we have to get a couple of these roofs done before we refinance...

This is what I was wondering. Thanks.

So I'm guessing that they will structure your property based on their initial inspections?

I wonder if the tenant gets injured like if he cuts off his arm while doing the work he then could go after the landlord for workmans comp or some sort of liability.

They could claim that they have been doing their own repairs with your knowledge for quite some time and therefore you are allowing the work. Then they could claim that they are an "employee" or just that the landlord was aware of what was going on and was negligent or something...and therefore liable?

Hey guys I've been doing a lot of improvements on our properties. Particularly roofs and other general construction. Why is the price so high.

Are there places where u can go to find general costs of things from tile, paint, roofs, concrete, etc?

We just got a bunch of quotes for roofs on our single family houses and the prices range from $5000-9000. This is of course for licensed roofers and general contractors.

Where do you generally find your workers? Does anyone use non-licensed contractors or do their own work?

It is enticing to use a non-licensed guy who will do it for half the price I mean we would be saving tens of thousands of dollar$ when you take into consideration how much upkeep and maintenence costs are.

I'm also considering getting my own contractors license just so I could do work myself... has anyone tried this?

Kyle J.
I was wondering a lot of these same questions David Ackerman but also what is insured under general Liability insurance?

For instance lets say someone trips on a stair case that breaks and it has had a crack in it for some time would the Insurance generally cover this or would the Insurance Company try to claim it was the landlord's negligence.

Or lets say that a balcony that was put up a long time ago but permitted breaks and renters die. Would the Insurance company pay them off or would they claim that the Landlord was negligent?

Does the general liability insurance only cover things that were properly managed or will they cover if the landlord was negligent (just asking in general)