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26 June 2024 | 1 reply
This is critical early on when you start investing.Better Property Management: Understanding the basics of plumbing, electrical work, and other home systems means you can quickly address minor issues before they become major (and expensive) problems.
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26 June 2024 | 1 reply
Has the electrical, plumbing, or HVAC been disturbed in the work that's been done - or will you need to get into it to complete the work?
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26 June 2024 | 1 reply
Value is being added by doing a full gut to the property, new mechanicals (plumbing, electric, and HCAV), as well as new cosmetics throughout.
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26 June 2024 | 9 replies
They have been good as tenants, but I'm charging well below market with the agreement that the units are as-is and non-residential.The building is partially renovated, partially demo'd, has ancient plumbing and electrical.
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26 June 2024 | 6 replies
However, some local jurisdictions may mandate it.Additionally, bedrooms must meet certain electrical outlet and lighting requirements, cannot have openings directly into a garage, and with some exceptions cannot contain gas appliances.
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25 June 2024 | 6 replies
It is my understanding that you cannot use the ADU for short term rentals in Los Angeles.https://therealdeal.com/la/2019/10/29/while-you-were-sleeping-la-bans-granny-flats-as-airbnbs/If you make the ADU all electric (like I did on mine), then you don't need to worry about splitting the gas.
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22 June 2024 | 23 replies
However, the legitimate issue was regarding Electric.
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26 June 2024 | 5 replies
I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).
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25 June 2024 | 1 reply
Other STR related expenses such as electricity and gas are generally more investor friendly and bonus no sales tax in Oregon.- Distinguishably & Scarcity: One challenge (and opportunity) of investing in Oregon is healthy and happy properties.
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25 June 2024 | 5 replies
And electrical was/is?