All Forum Posts by: Shawn Zimmer

I am not sure if you are required to, but if the repaired item genuinely reduces the value of the flat but you maintain the same rent, then the tenant may be left disappointed.

Did they damage the unit?

@Account Closed I couldn't agree more that it is better to hire a professional when you are not well versed in handyjobs yourself. The end product is a completely different animal. I haven't tried Task Rabbit, are they for any types of jobs, or just home construction tasks?

@Amber Castro I would think a financial advisor would be a good place to get you started. You may in fact want to find a partner for your investment, someone who has gone through the process before and will be knowledgeable with how you can get the most out of your laundromat. If you are seeking knowledge or a partner, you have come to the right place! Biggerpockets is full of people who can help you. I will send you a connection request, let us keep the conversation going!

Thanks guys! These are pretty good. I would love to hear one relating to seed capital, I know there has to be a good clean joke in there somewhere!

Hello Biggerpockets community! My girlfriend teaches economics at the local secondary school and she is looking for some great Real Estate play-on-words or anecdotes. Like using Seed Capital to buy Seeds for farming in the capitol (Terrible right? That's why we are seeking help!)

Hit me with your best shot!

@Dana Walker this is an interesting question.  I know that weather is unpredictable and our current hurricane season proves that.  I know that people under contract to purchase during a natural disaster will often walk away if the property is severely damaged.   I've never thought about the gap between closing and recording before though

@Account Closed I think that's actually a good idea. Not an expert here, if you set it up right but there could be some tax advantages to that - i.e. writing off real estate expenses for your software company. I'd recommend reaching out to a lawyer who specializes in real estate.

I think there's a balance to be found. I like to have some lines of credit for debt seed capital but get the most of my seed capital funding from a couple investors that my dad knows back home.

So there's been some major adopting starting up with major real estate management and development builders when it comes to units preinstalled with smart home devices. Putting in a smart devices doesn't have to be a big seed capital investment especially if it's just something like a smart thermostat and a smart security cam. Do you see it as something tenants are asking for/willing to pay more for yet?