Jamall Lynch
CaPex Budgeting Costs
8 July 2024 | 20 replies
For example, the roof, how old is it now?
Ethan Clay Lesperance
Turning a primary residence into an airbnb.
10 July 2024 | 10 replies
I'm also in the process of getting a new roof put on.
Mindy Jensen
Structural Engineers: Can an aluminum I-Beam span 25 feet?
9 July 2024 | 17 replies
For a floor or roof beam a good rule of thumb is an inch of beam depth per foot of beam span. 2.
James Brown
[Calc Review] Help me analyze this deal
9 July 2024 | 4 replies
If you wait 30 years to start budgeting for a roof, the house will rot into the ground from leaks before you have accumulated enough to replace it.
Kar Sun
Tenant keeps complaining
12 July 2024 | 34 replies
It comes with the territory like a water leak, roof damage, etc..My $0.02 ...
Sarah Smith
Need Some Creative Ideas for Tear Down
8 July 2024 | 16 replies
From a storm a tree fell into the house and no one was aware so roof has been open for sometime :(6.
Nathan Furlow
Currently doing BRRR- does it make sense to add full bath for $25k?
8 July 2024 | 11 replies
. - Purchase Price $38,450-Full Rehab $75k (roof, interior/exterior paint, new kitchen, new bath, new floor, new appliance)- Add full bath $25k (88 sq ft) is the option/decisionAs far as cash flow, here is are the two options....- 3/1 would be...
Sam Zawatsky
Should I get new cabinets, toilets, etc?
10 July 2024 | 31 replies
Considering the purchase price in 2022 of 32k, and my additional costs so far of 27k for new roof, new septic, major electrical repair, AC repair, garbage removal, lawyer fees, and lots of miscellaneous, that puts me at 59k so far.
Marcus Tim
First Property Investment
8 July 2024 | 7 replies
All major repairs, such as the HVAC and roof were handled before the seller put the property on the market.
Ross Francis
Maine-tenance on multifamily
8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!