All Forum Posts by: Nadir M.

What opinions are you looking for? I currently waiting for mine to be build. I'm trying to figure out whether I want to sell or lease. 

Hello everyone, 

I am currently in the process of closing on a Specialty Garage Condo located in Colorado. I was part of the initial investors to help secure the land and the bank loan. When discussing whether I wanted to pursue this investment opportunity, I only contemplated selling the units for a profit. As I do more research regarding this niche and the available interest, I've started to think about leasing. 

The question that I now have is how much could I lease these units and what amenities would help drive rental rate and secure a longterm tenant. My units are roughly around 1100 sq ft and if i choose to, I could build a mezzanine, bathroom, or a ceiling fan or all of the above. The problem that I am currently having is finding these rental comps. I do have an RE Agent currently working on these questions but i also wanted to do my own research. I am also trying to figure out the ROI on building any of these amenities. The above mentioned options would cost me roughly 75k.....rather pricey.

Any help or knowledge is greatly appreciated

Thank you BP community. 

I think it is one of those wooden ones. These tenants are great and they follow up on everything. I need to look into getting an umbrella insurance, I don’t own too many properties but still need to look into it. I do have an addendum that specifically states LL takes no responsibility and that set must be maintained etc I do think they may stay longer than a year, esp if this property meets all their needs. I think it’s just one of those situations where you trust that your tenant won’t sue you for something that’s intent is no make them and their kids happy. 

Exactly…so I mean why even deal with the potential headache. 

The liability of allowing it which then increases the risk of injury. It sounds silly to say LL is liable but I was told that’s how the courts look at it…if I would have said no, then the injury would have never took place. Cooking is necessary but play set isn’t. I mean I would NEVER allow swimming pool or trampoline. I agree with you 100% let the kid have some fun…I’m just wondering how it’s perceived In court. I’m an out of state investor, and litigations are not a 24 hour thing. 

Good morning and happy 4th everyone, 

Quick questions regarding a minor situation I’m dealing with. Current tenant, who just moved in, has a one year old and they really want to get him a play set. They were told they can have one before signing the lease by my Dad while doing the showing. They brought it up to me and I said no due to liability reasons,  killing of the grass etc. they’re great, they’re responsible and I have a little one too and he loves his play set. I guess the questions I have is if I have them sign an addendum to remove me from all liabilities, does that ever hold up? I know this is a question for a lawyer, but how would that even play out. If I do accept them getting a set, what suggestions would you guys have for me to make sure that everything goes well? They have renters insurance….mom works from home and wants her kid to get his boyish energy out, I just don’t want it to be at my expense.  Thoughts or any experiences etc 

thank you 

That’s fair 

I have a set of questions I want to ask him…want to make sure I’m not missing any information that I didn’t think of.

I called this Agent to discuss a property he had listed. In talking to him, he stated that he’s been in the business for 39 years and has sold almost 1700 homes. I asked what he contributes most of his success to, he stated that it was his mentors. So I wanted to meet with him ti get as much information as I can to grow as a new agent once i get my license 

My goals are to become a RE Agent and trying to learn best way of attracting Clients/Lead Gen. I’m currently a RE investor/landlord. Just want to make sure once I get licensed, hopefully be end of this month, I can get ahead. 

Hello everyone, 

I met a real estate agent that I asked to meet with me and educate me and talk real estate. I have my meeting with him tomorrow and was wondering what kind of questions I should ask to make sure the meeting is productive. 

Any advice is greatly appreciated 

thank you