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5 January 2025 | 5 replies
In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.
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31 December 2024 | 2 replies
Does anyone have a recommendation for a reliable, quality cleaning company with great communication?
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8 January 2025 | 10 replies
I would add to this account every month, allowing me to pull from it whenever there was a large repair or capex event.
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31 December 2024 | 66 replies
It's really tough finding a reliable and honest contractor who does quality work.
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7 January 2025 | 2 replies
., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.
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3 January 2025 | 5 replies
I'm in the middle of a BRRRR too and I chose to have Sherwin Williams color match "inchyra blue" for walls I usually just go with Behr but with cabinets, will be so much easier if you have high quality paint!
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7 January 2025 | 12 replies
@Augusta Owens here's some copy & paste info you won't find in a book:)-----------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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11 February 2025 | 183 replies
An Appraiser recently told me that he would value a "builder quality" $50k garage conversion ADU at maybe around $20k, due to the requirements they have to follow.
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19 January 2025 | 51 replies
A few others have called out Hemlane, who appear also quite responsive here on BP and also offer a degree of repair/work order management baked right into their middle/upper tier offerings (versus having to bolt-on as with RentRedi + Latchel).
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1 January 2025 | 4 replies
I doubt he'll be able to quality for a loan (VA) with just his income.