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3 December 2024 | 2 replies
Connecting with local expertsThis forum is a fantastic place to start, and you’re already doing the right thing by engaging here.
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4 December 2024 | 4 replies
I also assume a 3-4% yearly rent increase, which naturally increases the vacancy and repair amounts over time.
6 December 2024 | 2 replies
Also, I'm not sure if you are demoing an existing structure, if the structure is freestanding, etc, but this will obviously greatly affect your overall budget.For our project, most of the material prices are in line with expectations, but where we've been shocked with recent increases is the soft cost.
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5 December 2024 | 5 replies
I feel like there had been an increase in these types of broad open ended type posts.
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2 December 2024 | 19 replies
Engage with property managers for insights on rents, expenses, or off-market opportunities, and request financial documents like rent rolls and profit/loss statements from sellers’ agents as part of due diligence.
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5 December 2024 | 34 replies
Does it improve the roof itself, or does it bring increased maintenance.
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5 December 2024 | 0 replies
Personally updated and furnished all units, increasing the income on the property.What was the outcome?
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30 November 2024 | 1 reply
Engage respectfully, acknowledge challenges, and collaborate with community members to find equitable solutions, presenting landlords as partners in neighborhood growth rather than adversaries.
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6 December 2024 | 4 replies
Then don't rehab for zero COC return.But if you can spend $3000 on the lite rehab and increase rent from $1000 to $1050 then you'd gain $50 per month.50 x 12 = $600 more annually because you rehabbed.600 / 3000 = .2 or a 20% cash on cash return!
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4 December 2024 | 4 replies
My current company is AllState, and they increased their rates by 100%, so I'm looking elsewhere.