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Results (8,842+)
Leeann McGee Buying multifamily new or used?
7 March 2020 | 4 replies
The developer selling the deal, your own numbers, or an impartial 3rd party market expert?
Steve Rugg 1st time apartment owner
16 March 2020 | 4 replies
Your breakout now still isn’t enough for full time staff but close and depending on proximity you may be able to have a staff work on all properties.
Kyle Neff Commercial MF Property Management Firms in Columbus, OH
18 March 2020 | 7 replies
In Columbus, that size can comfortably be managed remotely (from a central office) with no on-site staff.
Tom Murphy Repairs - Starting a Process
9 March 2020 | 10 replies
I would also have to assume your paying for all materials.We have an onsite handyman staff that charges either $45/hr for normal maintenance and $72/hr for specialized services plus materials. 
Justin Gottuso Any healthcare workers here? MD’s, RN’s, techs, MSW’s, chaplain’s
29 March 2020 | 10 replies
Are you in private practice, a staff position somewhere or both?
Michael Lawrence 24 Unit multi family (first deal)
21 March 2020 | 17 replies
Here's a list of what we ask for in our LOIs and contracts:Operating financial statements for the property, including income statements, expense statements, capital expenditures, for the last two years of operation and year-to-date financial statements for 2020.Prior two (2) years tax returns and addendums for the Property.Current tenant leases, tenant correspondence, tenant credit information, tenant security deposit register, and delinquency report.Onsite staff payroll records to include salary, bonuses, payroll taxes, benefits, etc.Monthly owner statements and rent rolls for the past 12 months.Contracts, service agreements, and files pertaining to the property.List of maintenance all maintenance requests (complete and incomplete) for the last two years of operations.Real estate tax billings and assessments and other correspondence pertaining to real estate tax calculations at the property.Copy of Insurance Policy and claims documentation (loss runs).List of capital improvements and any and all necessary related documentation and warranties.All existing warranties and guarantees from architects, contractors, and material and equipment suppliers, all of which would be assigned to Purchase.Any existing environmental Phase I/II reports, engineering reports, soil, mold, radon, asbestos, hazardous substance, termite, or other tests, studies, or reports.Any existing appraisals.Itemized inventory of all personal property.Twelve (12) months of utility, water and sewer bills.Twelve (12) months of bank statements.Verification of additional income from operations including but not limited to application, pet, late, and other fees, etc.Copies of title policies, title reports, land surveys, site plans, deeds, or any architectural plans for the property.History of or pending litigation against the Property, its owners, or its managers related to the Property or the operation thereof.Such additional information, documentation, or access as Purchaser shall require
V Krishna Insurance for Rental Property on LLC with 3 Members
9 March 2020 | 3 replies
Often times, an LLC will employ domestic staff to maintain the residence premises. 
Drew Maconachy Does Renters Insurance protect investors? Probably not.
3 June 2020 | 2 replies
If you get to many "dings" on the Renters Legal Liability policy, rates will go up and you could decide to end it and go back to individual Renters policies and their headaches at that point.4) Incorrect - This $100,000 limit (which is more than most Renters policies provide by the way) is dedicated to fixing your asset first (just like you would want), but if the $100,000 limit isn't used up fixing your asset then your renters have up to $15,000 to cover their personal property.In summary, the product costs about the same, provides coverage to the asset owner FIRST, requires no tracking/monitoring by you or your staff, doesn't open the owner up to exposure between when you find their policy has lapsed and you get it corrected, and will decrease your P&C costs. 
Andrew Kuiken Northern NJ Property Management
22 June 2020 | 5 replies
If it's a larger organization, feel free to inquire about their different staff qualifications.2.
Sean Schittig Lake Champlain Vacation Rental
10 June 2020 | 11 replies
You can run numbers using comparable listings in Airbnb and VRB, etc, estimating startup cost to mortgage, insure, furnish, staff (cleaning, landscape, etc), and utilities and supplies.