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10 July 2024 | 10 replies
I'm also in the process of getting a new roof put on.
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12 July 2024 | 34 replies
It comes with the territory like a water leak, roof damage, etc..My $0.02 ...
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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.
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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.
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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.
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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.
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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...
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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.
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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!
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7 July 2024 | 0 replies
Windows, roof, landscape, finished basement, new bathrooms, and kitchen.