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21 August 2024 | 19 replies
@Justin Eaton is usually coordinating them and we do it once a month or so in Cherry Hill.
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20 August 2024 | 18 replies
You can either go the route he suggested by hiring a VA or you can look for a local admin or assistant that can do things such as answer the phone, compile a list of preferred contractors, and coordinate tenant service requests.
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22 August 2024 | 12 replies
Be careful, wish properly.
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20 August 2024 | 21 replies
A property manager would charge 7% to 10% a month, plus I am assuming a mark up on any maintenance issues that they coordinate.
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23 August 2024 | 8 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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21 August 2024 | 2 replies
Good due diligence includes a proper inspection before purchase along with the other elements of one's due diligence.Thanks for the remedy reminder as well.Investors selling property need to consider these things as well.
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26 August 2024 | 44 replies
Properly sized domestic HVAC systems are designed to maintain a 20 degree difference between the indoor and outdoor air, but even that has limits.With an OAT (Outdoor Air Temp) of 114, the lowest indoor temp one can reasonably expect is 94.One can reasonably expect climate change to have an impact on sizing guidelines going forward.My $0.02 ...
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23 August 2024 | 21 replies
If you feel the costs are too high for repairs, then ask to do them yourself...however, you need to make sure they are done properly and accept responsibility if there are problems.
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23 August 2024 | 14 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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22 August 2024 | 6 replies
Good luck in Hartford proper.