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4 November 2024 | 14 replies
One of the tenants hung a picture on a wall, puncturing a water pipe.
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8 November 2024 | 4 replies
Currently in the planning stages, focusing on efficient renovations so we stay on schedule.
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8 November 2024 | 3 replies
Out of the 20 letters I've sent, I've had 1 guy get back to me and we were in discussions but weren't able to find a price that worked for the both of us.The issue is that I only have a few houses on my mailing list so far (just places I've walked or driven by that caught my attention), and blindly searching every street and address # to see which houses are actually legal multifamily will take forever and doesn't seem efficient.I know the data is publicly available, I just don't know how to aggregate it in a way that would be efficient and useful for blasting out marketing mailers.Are there any websites that can pull massive lists of all multifamily houses in my area?
10 November 2024 | 19 replies
I have a lot I have purchased in Cancun and am needing to submit plans for the construction of the home itself fairly soon and am like a fish out of water.
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8 November 2024 | 2 replies
However, upon finally gaining access to the home it appeared that the water was running from every faucet in the house.
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7 November 2024 | 7 replies
Apologies for all the questions but figured it'd be more efficient all in one post.
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11 November 2024 | 4 replies
Muddy up the waters more than that and it can become impossible to leverage.
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8 November 2024 | 19 replies
The biggest danger is a leaking tank that causes water damage, but it hasn't happened to me yet.
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9 November 2024 | 9 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.
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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.