All Forum Posts by: Scott E. Crist

Quote from @Hui Xue:

Hi Scott,

Did you ever purchase the modular apartment?   How did everything go?

Good morning Hui. 
yes I did. They are a little different than traditional stick built apartments. But so far they have been great. After a little TLC they have become a home run property if not a grand slam. Wish I could find 10 more. 
Thank you for asking as I totally forgot about this thread. 
Scott. 

Quote from @Greg Parker:

8% for us.

 Thank you for the info. I also have your contact info. 

Quote from @Greg Parker:

We now manage around 300 doors.

Let me know if I can help.

 Hello Greg 

What is the going management fee percentage charged in Montgomery?

Thank you for the response. 
scott 

hello all

Just checking on the recommendations given above. Do you still recommend them? @Jill Herzig who did you use and were you happy? I am close to having a duplex in Montogomery ready to be managed.

Thank you

Scott

@Scott E. Crist

These apartment modular are built by

Landmark Pacific INC. Out of Oregon.

Thank you everyone. I appreciate your help. 
I do believe they are built to state code for 2014. I have requested plans and builder information. So far the foundation and crawl space inspections have been completed with only normal issues(nothing because they were modulars). 
tomorrow morning is the inspection on the attics.  

The location is in Montana and that’s about how far east I am. 
good luck to you guys on your builds and deals. 
As soon as I get the builder info I will post. 
Thank you Again

Scott 

Anyone???

Good evening all,

I am working on a 12 plex deal. After my personnel visit I noticed they were 12 modular units configured into basically three 4 plex buildings put together. Built in 2014. They are in pretty good condition and only need a few minor things.

Does anyone see a problem with buying a modular apartment building ?

Thank you

Scott

@Michelle Tucker

I just include water and sewer and market the unit as such. Increase rent accordingly. You can get usage/bills for the past years from the water/sewer purveyor. It will fluctuate each month from winter to summer so I would average the years past increase 5/10%

Add to your rent and call it good.

Keep us posted please!!!