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14 November 2024 | 10 replies
I would make sure they are both up-to-date on repairs and mechanicals before investing in a third asset that could have repairs come due all at the same time as your others.
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12 November 2024 | 1 reply
We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.
19 November 2024 | 28 replies
I've also been focused mainly on Pgh because I have family there who are contractors and can to do any repairs/refurbishments.
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12 November 2024 | 5 replies
I'm looking for a 10-20 unit, built after 1960, needs repairs and the unit mix are 1 bed and 2 bed because most people don't rent out 3 bed.
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11 November 2024 | 13 replies
Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.
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11 November 2024 | 5 replies
Since repairs are essential, doing the HVAC and roof as cost-effectively as possible will boost rental value and make refinancing smoother.
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11 November 2024 | 29 replies
Property management has been aware of the situation but can only do so much even with constantly redoing what is being removed and repaired.
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15 November 2024 | 9 replies
The buyers need (not request) a full 5%-6% seller assist and become complete menaces and eat into your margins with lengthy repair addendums following inspections.
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14 November 2024 | 30 replies
To share some numbers- I bought one in 2022 for $230k (I went over asking and that was a mistake), but got 28k in repairs paid for by the seller and then I put another $42k into it for upgrades.
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17 November 2024 | 30 replies
., repairs, maintenance, insurance) associated with a rental property.