All Forum Posts by: Matthew Bass

Fiberglass shower. Basic wood trim throughout. New light fixtures. New exterior railings around the porch. Fixed the concrete steps. The location is actually Franklinton. We're not planning on flipping the duplex, although I'd definitely like to do a cash-out refi once we've rehabbed both sides. The plan was always to keep it and bump up the rent. We already have a tenant for the rehabbed side at more than double the original rent. The goal was to increase the rents and the overall value for the refi. Thanks for the feedback. Very helpful.

Hey everyone,

We just finished rehabbing one side of our duplex. 840 square feet on that side. This was a "down to the studs" rehab. New drywall, insulation, plumbing, electrical, windows, flooring, trim, cabinets, appliances, bath, toilet, sinks, exterior railings, exterior siding, etc. There is very little left that's not new on that side of the duplex.

The total cost for the rehab is coming in at $29k which includes both labor and materials. My question to the forum: does this sound  about right or did we overpay? I realize it's not a simple question and there are a lot of details to take into account. I'm just looking for a gut feeling from those of you who have done this before.

Thanks,

Matt

Hmm, this is still not working. Have any other Plus members lost access to their 5 most recent analysis reports? They're completely gone. I can't find them anywhere.

Support says this is a work in progress so anyone else experiencing this should just hang tight for a couple of days while they deploy the new features.

I've been running analyses using the rental calculator today. About halfway through the afternoon, the interface changed. It seems like an update was pushed because the tool looks different now (I actually prefer the old look) but in addition, as a Plus user I no longer have access to the 5 most recent analyses like I used to. Is this just a glitch or are you actually removing this feature from Plus accounts?

Hey everyone. My wife and I are new to the rental real estate business in NC. The contract we're signing with our property manager states that he will be responsible for putting security deposits from our tenants into dedicated bank accounts, and that he will receive any interest from the security deposits. Is this standard operating procedure for property managers in NC? I would expect the interest to go to the owner, but if this is typical we can live with it. (I can't imagine the interest will amount to much anyway.)