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Results (10,000+)
Ross Francis Maine-tenance on multifamily
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!
Antonio Patterson Tired of pushing Real Estate Aside
9 July 2024 | 10 replies
I currently self-manage and even clean the units, since I'm young and hungry, and it's convenient.
Michael H. Cook "Shenandoah" STR: What to know
8 July 2024 | 35 replies
You have your basic utilities of $400, taxes and insurance of $200, and miscellaneous expenses of $600 which could include cleaning service, maintenance, booking fees, etc.
Sarah Smith Need Some Creative Ideas for Tear Down
8 July 2024 | 16 replies
Does it have a drinking water well that has clean drinkable water for human beings?
Brian Cannon Seeking Advice on Hot & Cold Markets for STR in 2024
7 July 2024 | 7 replies
Ideally, the right company will handle everything from cleaning and booking management to on-the-ground troubleshooting for guests when needed.
Tyler Gilpin Keeping track of portfolio financials
8 July 2024 | 20 replies
I also try to limit JEs where I can but sometimes it's the easiest route to the same result just not as clean haha I'm wondering though if you use the bank feed to split those transactions, won't the cash balance show specific to that property?
Jon LaBorde How does Subject too benefit the seller?
7 July 2024 | 4 replies
And as the buyer (my colleague) is now getting closer to closing it's starting to look like it might be worth just cleaning the place out and doing a very low cost rehab (paint, pressure wash and handyman repairs) for a quick sale.
Amber Straub Help! How do you do Tenant Tracking??
7 July 2024 | 11 replies
It's a super clean interface and leaves no doubt as to the status of payment.
Nitzan Mosery year 5 returns in year 3.
5 July 2024 | 0 replies
we cleaned up the exterior, painted interiors, added LVP flooring, bbq pits and picnic benches What was the outcome?
David P. Apartment inspection for damages
6 July 2024 | 3 replies
Are they keeping things clean?