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25 June 2018 | 3 replies
I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.
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3 November 2017 | 33 replies
Brian, I’m a contractor that have worked with numerous investors.
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3 November 2017 | 3 replies
I have not attended any seminars or felt a need to, because there is so much information out here for free (or low very cost) in biggerpockets, various podcast, and numerous great books!
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4 December 2017 | 32 replies
Drew Denham Why not pay supplier for all materials to be rooftop delivered.
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8 November 2017 | 43 replies
Well he now is missing in action despite numerous calls, emails, texts.
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6 November 2017 | 11 replies
I assumed the vendors/suppliers would have their own insurance, is this normal?
6 November 2017 | 2 replies
I kept getting up and moving forward despite the numerous falls as a newbie landlord.
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18 January 2018 | 3 replies
However, this experiment in crowd-sourcing has resulted in a sort of local semi-celebrity status, with numerous mentions in area magazines, blogs, and whatnot.
8 November 2017 | 3 replies
There are numerous sites out there you can use to help you to figure this out as well: zillow, trulia, redfin, realtor.com etc.
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18 November 2017 | 9 replies
We are obviously at the very beginning stages of all of this and there are a lot of things that we will be checking into with the city, insurance companies, paintball gear suppliers, etc, but the simplified version I see is:Initial planning and setup is very hands on butCan be managed with young/cheap labor once set up10 acres owner financed, only about 4 acres needed for paintball, 1 for their building5 acres available for other creative highest and best use scenariosProfit from paintball isn't really the point as we are continuing our business and other endeavorsIf the paintball field can pay for itself, pay for the land, and give us a few acres to play with in the meantime, is there a negative side I'm missing here?