Jorge Abreu
🏢 Property Inspection Checklist ✔️
8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.
Malik K.
Point Breeze/Gray’s Ferry vs Port Richmond
10 May 2024 | 3 replies
Which of these areas would be a better play for house-hacking in terms of likely appreciation over the years and rentability to potential tenants?
Tricia Miller
First BRRRR Experience
10 May 2024 | 13 replies
(I’m working on getting the wife onboard with our long term plan, too.
Travis Dalke
Seller financing terms
6 May 2024 | 1 reply
Hey folks, I’m looking into a seller financing arrangement but I’d first like to ask what folks are seeing for seller finance terms in today’s market.Â
Alexander Szikla
Too Big and Well Capitalized To Fail (Mostly)
10 May 2024 | 2 replies
I bet a real investor with long term projection would be made from the great 2024/2025 fiasco.
Steve Tran
As a landlord in Texas do you typically provide a washer/dryer?
9 May 2024 | 20 replies
@Steve Tran on STR and MTRs I do provide the washer and dryer but on traditional long term rentals I do not (for both Austin and San Antonio). Â
Michael Simolke
Am I over leveraged?
10 May 2024 | 8 replies
The problem is that each individual is different in terms of how comfortable they feel with leverage.
Nick Slagle
Non passive long-term hold
7 May 2024 | 0 replies
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $200,000
Pair of duplexes purchased with 1031 proceeds from a previous sale with about 75% financing. Rents were...
Huiping S.
Can you accept this cleaning?
10 May 2024 | 13 replies
This is a different person cleaned after cleaning people cleaned for a short-term rental.Â
Eric Kahn Gale
2-Flat: Replacing Galvanized Pipe with Copper
8 May 2024 | 33 replies
I ended up not using them as it just isn't a long term fix.