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11 December 2024 | 5 replies
Snow removal is typically dependent on the amount of snow.
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13 December 2024 | 10 replies
If there issues that need to be worked out with the 6-unit property, I would utilize that as a negotiating tool to work out a seller financing strategy with the current owner.
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8 December 2024 | 1 reply
Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc.
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16 December 2024 | 18 replies
Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.
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18 December 2024 | 45 replies
@Nathan Frost typical for Detroit, that's why we offer our clients several security options, including removing & storing mechanicals when vacant and then reinstalling day tenant moves in.What makes you think the seller will install new mechanicals?
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10 December 2024 | 1 reply
Run an Opco/Propco model.If your business utilizes real estate as part of ongoing operations you can get all the tax benefits of active RE by having the building purchase and hold the RE.3.
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16 December 2024 | 35 replies
I like to use my computer to upload and organize my receipts typically, but that is because I typically have "scanned" receipts to my google drive from my phone camera.
10 December 2024 | 13 replies
If you ever decide to look over in this area, I'd be happy to put you in touch with the systems I utilize over here and give you insight on which areas to look for.
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12 December 2024 | 37 replies
Typically 25% down, 30-year amortization, on a 10-year term.Tougher market these days, but they're out there.
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10 December 2024 | 6 replies
Typically I set up a zoom call so I can show a map and where the good investment pockets are in AZ and why.