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20 August 2024 | 0 replies
(biggerpockets.com)When assets are damaged: How a cost seg study helps if an asset gets damaged!
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21 August 2024 | 9 replies
But option A seems dangerous to property as it seems shifts the ground damaging the foundation and building as mentioned like below>>Designed to prevent the ground from shifting.From the nearest wall of the building this retention wall is at about 15 feet away.At one point i thought of putting some gravel for better water passage but dropped that idea as it cost money and becomes more harder to maintain by tenant or me in futurePlease advise
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23 August 2024 | 21 replies
Like once we found that a tenant moved a gutter downspout, eroded the soil under heat pump pad and caving in enough to shortly damage the heat pump.
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21 August 2024 | 4 replies
Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.
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20 August 2024 | 10 replies
Not having enough reserves is hurting a lot of operators right now.You can always implement Ratio Billing for the utilities and bill back.Be careful with unit sizes, and if there is central air or PTAC systems when getting market rental comps.Looks like you've got an opportunityGino
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19 August 2024 | 20 replies
You never know how much damage the termites have done until you start tearing into walls/floors....can get expensive fast.Location is the only thing that cannot be fixed, and you said this property was in a "really good location".
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18 August 2024 | 28 replies
Update: I just had one of my mini splits leak into an interior wall creating some damage to my awesome 1912 Craftsman.
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25 August 2024 | 13 replies
I think the middle road of trying to do both gives you the worst outcome (tenants damaging your property, lower price because it’s no longer new construction).Best of luck whichever path you choose.
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16 August 2024 | 3 replies
I have a tenant whose condo suffered a major roof leak, which caused internal dry wall and related damage.
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19 August 2024 | 0 replies
Relax in the air conditioning after a day at the beach.