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Results (7,571+)
Jim K. A mess of a ceiling to redo
5 March 2020 | 28 replies
You'll notice that this is a great upper body workout.
Mandela Muhammad Personal experience with property managers, what a horror story?
8 March 2020 | 11 replies
I am not going to just send a body to show a unit in which we are not getting leasing on for free.
Tom Murphy Repairs - Starting a Process
9 March 2020 | 10 replies
There's no test, no interview other than five minutes over the phone, no references -- any warm body will do.
Robin Jones How do you get out of a flip that’s not selling?
12 March 2020 | 16 replies
Hopefully you have gained a body of knowledge that has a significant value and can perhaps do another one with a better outcome.
David Nacco Mobile Home Park Investors, Where do I Start?!
2 April 2020 | 7 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
Kat Hussey Pool Investing? Group Investing?
5 June 2020 | 6 replies
Regulatory differences in who can invest and how drives much of the primary differences. 
Cory H. Mobile Home Park with Waste Water Treatment Plant
29 August 2022 | 7 replies
@Cory H. another resource would be the county or state level body that governs the installation, use, and service of waste water treatment plants. 
Sami Gren Tenant woke up early morning to see a guy puttting on fire
9 June 2020 | 4 replies
Shoot the guy, put the fire out, call the coroner to pick up the body.
Scott King Does this investment make sense in today's market?
15 June 2020 | 7 replies
Reality is no body knows what the environment will look like in 6 months or a year from now.  
Paul Sandhu Do you have stray or wild animals outside your STRs?
10 June 2020 | 6 replies
Their body is longer than a cat, so the door of the trap wouldn't close.So I put these lines up on my Craigslist ad:New for 2020, all houses now have indoor plumbing and an outdoor cat^.