All Forum Posts by: Account Closed

Hi everyone.

I want to know how much you have paid for your water submeter. Please include how many units/submeters you purchased. I am only interested in knowing the cost of the submeter itself; plumbing, installation, service, costs separate. I am interested in the submeters that have a pulse/don't have to be manually read. Do you use a company to read the meters and bill or do you do it yourself?

Do you advertise a slightly lower monthly rent since your tenants pay their own water?

Thanks for the input.

Did the property have any major maintenance or upgrades done to be considered a B class apartment building just because it will not need any major maintenance for the next decade or so to lower the cap rate?

Hi all,

I want to know if converting a multifamily complex (over 30+) units to condos would create value versus the midwest cap rate for multifamily. Condos aren't really too popular here assume you can  convert them to condos rather easily with little to no cost involved. 

Since home prices are so cheap/depressed in some markets in the midwest, I am not sure if people would buy condos vs buying a cheap home - especially if a condo could cost more. Think about an A property in a C- minus area. 

Has anyone done this with many units and can talk about their experience?

Hi Christine, 

This is an old thread but in case you still wanted more info on the topic, it is possible to be paid by your cable provider without signing up for a bulk services contract. I had the local cable company install all the cable and ethernet as well as pay a significant door fee all without signing up for bulk services. They wanted exclusive access to the cable they installed for a decade but note I did not give them exclusive marketing rights which means any other cable provider could come and offer service and potentially offer me the exact same deal. 

The other cable company offered the same thing with a bulk contract which I turned down.

I would like to know if anyone has an existing wired building and is charging the cable company access to the wire without a contract or on a customer basis? 

Sending you a PM now.

So basically you'd want your original investment back in 10 years.

It isn't really an investing strategy, but a place to park your money safely with a decent return. I mentioned condos because you can park your cash in it and your biggest headache would be a broken appliance every few years at worst.

Hi all,

I wanted to know how you would invest 100k, 200k, or 300k, cash depending on your market. It does not have to be real estate but I am assuming most of you would choose real estate. It may be a house or some other type of business but I have chosen condos since they need almost no maintenance. Assuming one of these numbers match what you need to purchase a home, condo, or other business in your area, what type of monthly return would you expect from your cash only invest?

This is assuming you do NOT take loans. I see a lot of numbers on here on ROI's all with loan interest rates considered but let's assume you have not, can not, and will not get a loan, even if you could.

Hi all,

I wanted to know if any multifamily owners have experience in dealing with cable companies to provide access to many units. I am familiar with the standard door fee structure and bulk contracts. However, I want to know if anyone has successfully come to an agreement with a  cable company to access to the buildings cable without providing exclusive marketing rights to the company. Basically, once cable companies know they aren't exclusive to the building they don't want to pay you for access, but multiple options are always great for attracting tenants. 

Has anyone successfully been paid by more than one company without buying bulk services?