6 June 2025 | 1 reply
What are the consequences of failing to disclose items such as unpermitted additions in a property disclosure agreement?
10 June 2025 | 20 replies
Send the son a copy of the court judgement, if available, and an itemized list of money owed.
8 June 2025 | 17 replies
This deposit is typically used on the appraisal, 3rd party inspections, credit, and legal review items.
11 June 2025 | 28 replies
The 'surrounds' have maintained normal tenant processes for the most part.I know lots of folks are pushing you for a PM, but if you are eager to learn and do some research and put alot of energy into placing a great tenant with background checks and vetting their references, etc, managing your own properties can be a great way to learn. but if you have a low pain tolerance and are limited on time, Id go PM route
8 June 2025 | 14 replies
I had a nice older guy who had to have his fridge when he moved in (mine was nicer) but that was what he wanted but he was the best tenant for the unit with good income and great references. 1 person in a 2 bed.
8 June 2025 | 12 replies
My comments: - other expenses seems a little low but may be ok because exiting at year 7 will be before large cap ex items start to heed to be replaced.- $100k rehab in 2 months is very challenging but I did do a $100k rehab in just over 2 months just over a year ago.
6 June 2025 | 2 replies
Quote from @Kurt Alder: Hello all,I'm wondering if you would know any resources or reference material for installing utilities on raw land for a mobile home park or RV Park.
7 June 2025 | 10 replies
Then, if they meet your minimum standards, they are offered a showing with your property manager and the property manager verifies their employment, landlord references, etc?
10 June 2025 | 26 replies
There are a lot of people that are active here that can get you going and refer other key parts of a team.
6 June 2025 | 8 replies
Here's the sequence we typically follow:🏗️ Interior Rehab SequencePre-Closing PreparationScope of Work: Conduct a thorough walkthrough to identify structural issues, outdated systems, and cosmetic updates needed.Budgeting: Develop a detailed budget, including a contingency for unforeseen expenses.Permits: Obtain necessary permits to avoid delays.DemolitionSelective Removal: Remove outdated or damaged materials while preserving elements that can be reused.Site Preparation: Ensure the site is clean and safe for the upcoming work.Structural Repairs & FramingFoundation & Framing: Address any foundational issues and modify framing as needed for new layouts.Inspections: Schedule inspections to ensure compliance with building codes.Mechanical, Electrical, and Plumbing (MEP) Rough-InsSystems Installation: Install or update HVAC, electrical wiring, and plumbing systems.Inspections: Conduct rough-in inspections before proceeding.Insulation & DrywallInsulation: Install insulation to meet energy codes and improve efficiency.Drywall: Hang, tape, and finish drywall, preparing surfaces for painting.Interior FinishesPainting: Apply primer and paint to walls and ceilings.Flooring: Install flooring materials, ensuring they are protected during subsequent work.Trim & Millwork: Add baseboards, crown molding, and other decorative elements.Cabinetry & FixturesCabinets: Install kitchen and bathroom cabinets.Fixtures: Mount sinks, faucets, lighting fixtures, and hardware.Appliances & Final TouchesAppliances: Install kitchen appliances and test for proper operation.Final Inspection: Conduct a thorough walkthrough to address any punch list items.⏱️ Timeline & Efficiency TipsProject Duration: Aim for a 3–4 month timeline, adjusting based on project scope.Scheduling: Use project management tools to coordinate trades and avoid downtime.Communication: Maintain clear communication with contractors and suppliers to ensure timely deliveries and work completion.📋 Tools & ResourcesProject Management: Utilize software like Trello or Asana to track progress and tasks.Checklists: Develop standardized checklists for each phase to ensure consistency across projects.Budget Tracking: Use spreadsheets or financial software to monitor expenses and stay within budget.