All Forum Posts by: Todd Kozak

@Rob Riggins

Hi Rob, your post is over 4 years old and I see nobody responded. Did you ever find a good structural engineer in St. Louis?

What app does everyone use when driving for dollars? I hear Deal Machine a lot but also hear the info isn’t accurate.

What are the pros and cons of what you use?

I have a rental in the Dogtown area. My tenant emailed me because the neighbor has a generator that is on all the time, in the backyard, and its loud. I knew this, I saw it when I was updating the house in October. The neighbor told me it was due to some electrical updates in his basement and would only be for a few weeks. Here we are 3 months later.

Before I reach out to the neighbor, wanted to ask: does anyone know the St. Louis city rules on outdoor generators as far as what is allowed? Maybe a certain amount of time it’s allowed to be used per day or something like that.

@Megan Greathouse

Hi, these are still virtual?

I’d love to join the next!

@David Ounanian

Hi there again, and hey thanks for hooking me up with Mr. Durphy! Just ran across this thread. I see you have virtual meetups, looks like I just missed the last one. I’d love to be invited to the next. Thanks!!

@Scott Goulet

Also, you are hiring the PM, so you are in charge. You can require they check with you before every single work order. If they disagree, fire them and find a new PM.

@Scott Goulet

Hi Scott, when you say you buy them at a discount, what do you consider a discount? If you buy a house that would be valued at $150k if it's in great shape (ARV), but you buy it at $130k because it needs $20k work, then there is no discount. If you buy that same house for $100k, well now you have equity and can refinance it to pull out all the costs to upgrade the house, and probably most of the down payment (aka BRRR). Then you will have much smaller maintenance issues.

Besides that, anytime you are analyzing a deal, make sure you are including all the potential maintenance costs, property management costs (even if you manage yourself, some day you may not), assume vacancy costs each year, actual recent taxes, instance, etc. After its all said and done, if you don’t have a worthwhile positive rate of return (7% bare minimum but usually want over 10%) then it’s not a good deal. Run the numbers conservatively not best case scenario.

Hope this helps.

Looking for some thoughts on rent for quadplex’s in St. Louis city. Around southwest garden. 2,400 sq ft so 600sq ft per unit. The property should be assumed to be fully updated, full rehab.

Whatcha think?

@Jennifer J. So who did you start using for the least 5 years? I’m looking for an investor friendly Title company

South city