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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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4 July 2024 | 12 replies
I am the process of exploring an opportunity to flip a fire damaged property.
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7 July 2024 | 19 replies
Also be aware of the southern area near ponce, that is where the earthquakes are often felt and the most damage occurs.
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9 July 2024 | 197 replies
@Jenny Cunningham, I'd say you hit a nerve!
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6 July 2024 | 21 replies
If so, you have nothing at risk and you can request your EMD back and just walk away. 2) ask your realtor what the common discount is in your area for fire damaged homes if any.
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8 July 2024 | 27 replies
And it causes the 16 year old driver of the other vehicle to have brain damage and loss of mobility which will require 24/7 nursing care until their death at 75 years old.
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8 July 2024 | 20 replies
Mother nature can do 1 massive damage to one and not the other.
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8 July 2024 | 16 replies
Thru the years it has been vandalized and damaged also by weather.
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10 July 2024 | 256 replies
I just point this out for others.. no one can make guarantees that you will not lose money when in fact the collateral your buying is already damaged and is junior position..
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6 July 2024 | 4 replies
Hi all,I have an ex-tenant that owes back rent and damages after they left that the security deposit doesn't cover.I read some forums here and am getting some mixed signals on the process of collecting debt.The way I read it is you can just go to a debt agency with in my case the signed lease and also the security deposit transmittal showing what's owed and the collections agency can legally take it from there.