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15 November 2024 | 17 replies
Robbie - first thing that comes to mind is renting out the rooms individually on shorter term leases (co-living model).
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14 November 2024 | 3 replies
That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps!
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13 November 2024 | 7 replies
If I go with Wynd, they charge $15/mo by device and they recommend one per room.
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16 November 2024 | 6 replies
I’m also looking into current market rent levels to see if there’s any room for rental upside.I’m new to multifamily investing, so I’m here for constructive insights to help me approach this investment wisely.
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15 November 2024 | 10 replies
It was a 1-bedroom apartment with a weird living room space that didn't feel functional.
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13 November 2024 | 24 replies
when you put your property on the Padsplit platform, did you purchase an existing pad split home or did you have the conversions done to make more rooms?
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15 November 2024 | 9 replies
Really not much room from what I try to analyze.
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13 November 2024 | 3 replies
Is it possible to fix a soft spot without having to re-do the whole room?
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14 November 2024 | 6 replies
I had another person try to bargain me down to $1700/month, and said she was moving out of her dad's house and so needed room to store boxes in the extra bedrooms.
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15 November 2024 | 5 replies
Ensure you have a trustworthy contractor, a detailed budget, and room for unexpected costs.