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20 August 2018 | 0 replies
So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.
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21 August 2018 | 3 replies
The date should be in the court decision which they mail to the landlord.After that the landlord can take the trash to the dumpster if it's in the lease agreement.If it's not, the landlord pays one month storage and put everything there.
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19 November 2018 | 2 replies
A long time ago i invested in residential real estate and had a bad experience with a couple tenants.I see the that the world for sharing knowledge amongst owners and investors has changed considerably.I am working in the Self Storage field as a Bird Dog for now.
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5 September 2018 | 6 replies
More bedrooms and more storage space generally produces longer leases and fewer turn overs - and those are actually your single biggest expense in the long run.
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30 October 2018 | 59 replies
Currently commercial landlords that have owned a long time have low taxes , they might be fine renting out to the mom and pop business for years and years or maybe using the building as storage or some other use .
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24 August 2018 | 8 replies
There's a basement with a lower ceiling which could be built out as another unit or used for storage.
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23 August 2018 | 2 replies
I have 2 acres in a rural community that could be used as mini storage or add more housing.
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27 August 2018 | 4 replies
The rents are below market, the current owner does not charge any rent for outside parking spaces, the parking garage rents are below market rate, there is a beautiful unit being used as an office that could command $900/month, storage fees are not implemented, water is being paid by owner, etc.
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25 August 2018 | 1 reply
If you have an area for storage, you have the potential to charge additional for that.
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5 September 2018 | 1 reply
I have came across some new online platforms that will match you with people looking to rent out storage space (sort of like Airbnb but for storage).