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Results (8,658+)
D Turner Dirty Buying Secret That Works
3 March 2020 | 81 replies
Real estate agents are not required to join this organisation it is voluntary - agents are not permitted to describe themselves as Realtors if they are not a member of NAR - it is a violation to do so and would fall under mis-representation which is a serious offence.Notwithstanding membership of a professional body the behaviours described are illegal at least they are in FL.
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.
Hobie Day Professional Photograghy for Property Listing
4 March 2020 | 11 replies
I have heard photographers charge $300-400 depending on the size of home, but we own ours so we can scan as many as we want.
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…
David S. Strategies for passive investment
10 June 2020 | 24 replies
@David S. Can
Alvaro Rodriguez Software to keep up with rent and maintenance
5 June 2020 | 7 replies
For one property, run everything through a single personal checking account, record everything in the spread sheet (excel, google sheets) and scan your receipts into drop box using drop box's built in free scanner.
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.