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6 June 2024 | 2 replies
Superficial Improvements: The focus on aesthetics might mean that only visible areas are improved, while critical but unseen aspects like plumbing, electrical systems, and insulation are neglected.5.
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6 June 2024 | 1 reply
Use an inspector to perform a building inspection that checks all of the components of the home including the electric, plumbing, foundation, windows, roof, hvac, water heater and other appliances.6.
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6 June 2024 | 4 replies
Even experienced flippers and BRRRRers go over budget, usually for things that we could not see (behind the walls, bad electric, plumbing, etc.).
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5 June 2024 | 8 replies
-reliable "handyman" who can deal with minor repairs (make sure licensed and insured)-tenant self-inspection app or use third party service for inspections-vendors to service home functions, e.g. plumbing, electrical, HVAC, etc.
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2 June 2024 | 2 replies
I need to turn the electricity on to renovate it, but all of the electric companies I see online have 1+-year contracts.
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6 June 2024 | 4 replies
My property is currently my primary residence. 4) Can I even register the property as a rental property when it has some serious code violation issues that might affect the safety of residential use: such as electrical issues, roof restoration, etc.?
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5 June 2024 | 6 replies
It depends on where you live, but the places I have, the water bill is tied to the house vs electric or cable which is tied to the tenant-so if the tenant doesn't pay the electric bill, they have problems when they move and try to get it at their next place.What I do for my places in BC is pay the water bill directly and then send my tenants the bill.
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5 June 2024 | 0 replies
(I do not live in Orlando, my retired father does)... and my father takes care of all the maintenance (repairs, hiring contractors for electrical, HVAC, roofing, etc.) as well as showing the property for leases, he is my hands and eyes there... all for free, I do not pay him a salary or any compensation, and he does not want one.
5 June 2024 | 5 replies
@Austin JamesUnderstand the area, the current tenant base,the median income, is it in a flood zone, the age of the asset, the condition of the plumbing, the electrical wiring, the fuseboxes, the age of the roofs, the age of the mechanicals, the condition of the foundation, the drainage of the property, does the property have a C of O, is there ny environmental concerns such as oil tanks being buried, the current property management company, what are the amenities.These are just a few things to look out for.
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4 June 2024 | 5 replies
One day overnight due to wind storm and rain in the area electricity outage happened for 6hrs.