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8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
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8 July 2024 | 6 replies
It falls under the Blue Water Navy Vietnam Veterans Act.
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8 July 2024 | 0 replies
This house only needed a full paint job, hot water heater and new flooring.
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7 July 2024 | 13 replies
agree with everyone else one thing to have it on a home you live in. but for a rental no way.your tenant expects stuff fixed.. even manufacturers warranties are fairly useless to the landlord.one of my units had a 2 year old water heater crap out.. but by the time you apply for the warranty etc what do you expect your tenants to do go without hot water for weeks ?????
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8 July 2024 | 18 replies
Either close to water/beach, or in scenic/mountain area.
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9 July 2024 | 21 replies
You dig a dry well do you know how deep you can dig into the water?
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7 July 2024 | 3 replies
If there's no plumbing inside, that means there's no water heater, toilets, sinks, etc.
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7 July 2024 | 6 replies
We've also found that including it in the rent, people aren't as conscious of lights, water, etc...~ Lindsey
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4 July 2024 | 5 replies
Hello,Our water bill is normally $600-800 for a 10 unit building every two months.