Kay Ferdous
Realistic property management for 8 unit building
30 August 2016 | 9 replies
Are you including cleaning of common area, repairs, pest control, and landscaping under maintenance?
Scotty Grider
Newbie from Indianapolis Area
2 September 2016 | 16 replies
Check out INREIA as well as the Alpine meetup.
Sheena Alford
Condos for rental
31 August 2016 | 12 replies
With single-family homes there are constant repairs from new roof's to HVAC problems, to leaky basements, to peeling paint, to bug infestation, landscape issues, the list goes on and on.
Duriel Taylor
How to build an Rental Empire within 15 months
30 August 2016 | 15 replies
You're not accounting for Landscaping that I see.
Chyrelle Robinson
New to Wholesaling ... Please Help
31 August 2016 | 18 replies
The broker you are supervised by, as well as the brokerage firm holding your license, would be similarly exposed, which is why many brokers will not hold the license of agents engaged in wholesaling.It is important to know and understand the legal landscape before undertaking any endeavor.
Daniel Johnson
How to keep track of finances on multiple flips?
4 December 2016 | 47 replies
On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month.
Justin Koehn
First Live-in Flip done in Windsor, CO
31 August 2016 | 6 replies
Except for the two bedrooms, I took every room down to the studs = new wiring, plumbing, insulation, drywall, flooring, fixtures, counters, doors, trim, windows, appliances, roof, gutters, landscaping, fence).
Balaram Owens
Prince Georges County MD Contractor and Landscaper Needed
30 August 2016 | 0 replies
Looking for an affordable contractor and landscaper in PG County MD.
Daniel Highsmith
HOA Gotchas?
24 September 2016 | 12 replies
Condo associations generally take care of common areas like landscaping, pool areas, and routine maintenance/repairs of the exterior of the building.
Clint E.
New Member, St. Charles/St. Louis, MO Area
1 September 2016 | 0 replies
The landscaping needed work too, I removed scraggly and overgrown bushes/trees, put in two block walls, a patio privacy fence, lots of work on the grass.