All Forum Posts by: Nicholas LaGatta

Aquagaurd will probably solve the problem, but they are expensive.

Campbell & Brannon, ask for Robyn Sonis

I've closed a bunch of deals there,  free valet parking, great snacks, and they do a great job

Hi, Harrison.  Can you provide some more details?  This post made me raise an serious eyebrow.  $100k in funds and no active projects might be fine for a lone investor, but doesn't seem like anywhere near enough to support 4 staff members, unless you're looking to wholesale yourself, have the staff actually doing the rehabs, or something like that, which doesn't seem to be the case.  

What is your strategy?  What are your goals?

Haha, no ; ]  Good luck!

IMHO, Bankhead area is for speculators, specialist investors, or slum lords.  There's money to be made if you know what you're getting into, but I see that area as a niche with higher average operating costs, but potential high-paced equity growth if you can wait 5-10 years.

I really don't know more than the basic safety and mitigation approaches for asbestos, but I would look closely at your tenant's overall situation, how reliable they seem, and if they have a history of causing issues.  Documenting and pushing concerns raised over health and safety issues is also a classic leverage-move played by scam artist tenants.

I'm not saying the tenant's concern is unfounded, but tenants asking for over-the-top precautions is going to add substantially to your costs and timeline.    I would research your particular materials and construction and determine the likely risk, but I would seriously consider if your tenant is worth spending this kind of money on and what your plan would be for the tenant and project if you actually have a documented case of asbestos, which may require professional mitigation if you think you might have a liability situation with your tenant.  

@Mary B. Thanks for the recommendation!  I was a little demoralized after 2 rounds of bug bombs and seeing roaches crawling around ground zero like it was a buffet.  

"Investation" was an all-too-appropriate slip of the tongue.  I'm dealing with a serious German roach investation myself, would appreciate any tips.

Check out these guys: http://www.realtycleaningusa.com/ AKA Maid in America.  When I used them to prep a property, they were fast and efficient with no BS.  I would use them again.

Bring new lock sets and a way to secure the windows, if necessary.  Photo-document all conditions before you clean up, just in case.

@Joshua Feit When in doubt, I usually take Michaela's advice ; ]

I would also recommend pulling your address in Accela and GIS (Google these) and property tax records.  This will help you see much of what they will be able to see at Office of Buildings and Planning and give you some context to current/past zoning and ownership.  

Also, I'm curious what your plans are?  If it was built in 2004 and you don't need major renovations and you plan to buy and hold, I think you would be fine.  Far be it from me to go all Barbara Streisand Effect on a property I'm working on, but really that's what I mean about treading lightly.