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2 May 2024 | 6 replies
Unfortunately, Prosper is refusing to cover without remedying the situation (at least a $1k in materials plus labor).I always want to fix any problems within my rental if they arise, but I don't want to replace something that is perfectly safe just to fit a policy.
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2 May 2024 | 15 replies
Really depends on what market you're in with material and labor costs
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1 May 2024 | 3 replies
Quote from @Joe Whitley: What we are now experiencing in the short term rental market in post COVID hangover.
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2 May 2024 | 10 replies
That $50-100 nightstand will cost 2-3X+ more once you factor in the labor for someone to assemble it, multiplied by 2 for every bedroom.
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2 May 2024 | 16 replies
.• Podcast: "Best Real Estate Investing Advice Ever Show" by Joe Fairless.Good luck on your investing journey.
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30 April 2024 | 21 replies
I'm looking through the spreadsheet and I think it's worth mentioning that it's possible to spend a lot less for certain material items as well as labor in many cases depending on how frugal you want to beinterior door with hardware: $5-10 used, $30-50 newwindow: $10-50 used, $100-200 newlight fixtures: $1-10 used, 6 pack flushmount at lowes for $44fan fixture: $24-60 new water heater: $250 newtoilet: $50-90 newsink: $40-200 new faucet: $10-30 newtile: 0.49-2/sqft newappliance: $20-200 each appliance usedmy last rehab was:60 elec permit cost + 300 elec repair (tenant destroyed meter box causing house to be condemned)1600 material + 1500 labor flooring for 1400 sqft500 material + 600 labor spray paint whole house semigloss and patch some large holes$30 for 4 interior doors which I put in$10 mirror for bathroom$100 paint porch, stairs, and stair rail brown$50 fridge, $10 burner plates for stoveI also spent at least a few hundred with help on cleaning and taking out the trash and some other expenses here and there which altogether added up to about 5 thousand.I spent maybe 30 hours over there in total on the weekends.
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1 May 2024 | 22 replies
Quote from @Joe Homs: @Ed Ma what is the reason to sell?
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2 May 2024 | 8 replies
With housing prices skyrocketing, the increasing cost of raw components and lumber, and labor shortages, the idea of owning a piece of income property is just not in the cards anymore for many individuals.
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2 May 2024 | 31 replies
I’ve spoke to Lucas and ended up agreeing that in my particular circumstances - there wouldn’t be enough of a financial increase to outweigh the additional labor (Albeit as small as it would be).
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30 April 2024 | 7 replies
Quote from @Joe Fish: Quote from @Greg Kasmer: Michelle - My property management companies offers oversight of a larger project/renovation for 10%.