Sam Kay
Multiple Recurrent Leaks - Need advice on pivot strategies.
9 September 2024 | 14 replies
Often times inspectors overlooked them as they are very small and minor but as you can probably already tell, they are extremely important and prevent water intrusion.Your best bet would be to contact a very reputable Siding/roofing contractor and have them go through the entire property and put in the proper drippage flashings seals and caulking necessary and have them insure the work.
Julie Philpott
Is not having Central AC a deal breaker for tenants in Ohio?
6 September 2024 | 22 replies
I've kicked around installing AC but still manage to get renters applying to live there before I pull the trigger on installing AC. 3 - 2nd Duplex - I installed central air after purchasing the property for inherited tenants but they've used their own W&D units for years.
Aden Brust
Beginner agent strategies
6 September 2024 | 8 replies
One more tip – people remember stories that trigger their emotions.
Dasha Kosty
My first house hack investment with reno in a high cost of living area
5 September 2024 | 2 replies
There is an unfinished basement which will likely be permitted to convert into an ADU but might trigger the installation of a fire sprinkler system ($30k).
Dan N.
7 deals have fallen due to inspection & seller not agreeing to concession
8 September 2024 | 31 replies
An extreme example of this is a property I once sold.
Crystal Mendoza
Property manager for long term rental
6 September 2024 | 8 replies
Self-managing from a different state is extremely difficult, especially in states where the law favors the tenants.
Kunal Lakhwani
Experience with MN Property Nerds or Twin Cities Leasing
5 September 2024 | 16 replies
As a property owner, my experience with MNPMC (sometime called MN PropertyNerds) as a property manager has been extremely disappointing.
Alex Silang
Does your STR work as a LTR?
4 September 2024 | 7 replies
As mentioned above it depends on the metro but I would make sure I was comfortable with the LTR rate before pulling the trigger on an STR.
Jeremy Beland
Worst property we worked on to-date
4 September 2024 | 2 replies
A bit of a more advanced exit strategy, but one that can be extremely profitable when implemented correctly.We spent $18k to clean out the place and then we turned around and made $40k after cleaning costs, closing costs, and commissions.
Sean Timper
Pros/ Cons of placing your primary residence under your REI LLC in Virginia
4 September 2024 | 3 replies
The risks, such as triggering a "due on sale" clause and complicating your taxes, often outweigh the benefits.