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12 May 2024 | 1 reply
The roof is caving in and a lot more.
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12 May 2024 | 1 reply
This includes examining the structural integrity, plumbing, electrical systems, roof condition, HVAC systems, and any other significant features.Title Search: Hire a title company or attorney to perform a title search on the property.
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9 May 2024 | 28 replies
How does your insurance company know you need to fix the roof?
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12 May 2024 | 3 replies
In that case, you have to break down the rents vs. liabilities, show that the mechanicals, roof and everything is in good shape or have reasonable repair costs laid out, you need to know the appreciation potential, and the comps.
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12 May 2024 | 2 replies
IE roof repair spread over # of units rather than just 13.
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12 May 2024 | 2 replies
Example flat roofed churches or old elementary schools.
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11 May 2024 | 0 replies
Our biggest challenge was putting on a new roof ourselves.
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14 May 2024 | 164 replies
I sold because when it comes down to it, I think I was returning 8% over the last 15 years which came with headaches, a tree that keeps falling and nearly killing someone, hail storms that keep damaging the roof and increase property values that also increase the property taxes because Texas is 2.2% which is raising faster than rents can keep up with.
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9 May 2024 | 8 replies
-Has no crawlspace (common for older properties) so we couldn't see the foundation-Drywood termite/wood decaying fungi damage seen on all the windows/doors/parts of the beam on the exterior, parts of roof decking and rafters in the attic-Old leaks/moisture damage seen in the ceilings and attic-Parts of the roof has patch work-Roof doesn't have any permits on record (don't know how old it is)Seller's offer to me:-Fumigation treatment for drywood termites (tenting the house)-Replace and repair all damage wood throughout the house-Replace the entire roof with a new permit-Replace one window in every room (not all)-Pay for a structural engineer to inspect the foundation-Offer to get quotes for repairs and have a 15-20K budget to make all repairs, house is 500K.
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10 May 2024 | 8 replies
I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.