Mike B.
The “Serendipity” House – 1st Investment Property Purchased
13 September 2018 | 4 replies
Unfortunately, his father’s health deteriorated and instead moved into an assisted living facility.
Dave Atwal
Checklist for Rental Property Periodic Inspections
15 September 2018 | 2 replies
(Toilets are a big one)- Deteriorating paint (lead is extremely common in cities like Rochester)- Breakers, furnace filter(s), water heater(s)- Damaged/broken stepsI think it is a little ridiculous to go around and nitpick with a checklist, but we do check for issues that would cost us money down the road, or are safety issues for our tenants (and properties).
Elliot B.
Verbal Lease Termination? Late rent. Newbie Needs HELP
12 July 2018 | 9 replies
Outside either of those two things you really better hope the stars align in your favor in court and have an absolute airtight lease that backs up your actions.I'd issue the 30 day notice (be civil, no need to further deteriorate the situation with hostility even if you would prefer to kill them...) and make the primary goal to just get your property back.
Mary Jay
Rich don't sell, they leverage
18 July 2018 | 30 replies
There are obvious signs of deterioration that are preventable.
Jack B.
Pop Corn Ceilings, deal breaker or not?
16 July 2018 | 6 replies
Unless it’s frangible (deteriorating), asbestos isn’t considered a health issue.
Jeff Pagano
Selecting neighborhoods and areas to invest
14 September 2018 | 5 replies
Look for trash piles, boarded up windows or other signs the neighborhood is deteriorating.
Nathan Lilly
How smart are you as an investor?
18 July 2018 | 0 replies
Suppose you have a subject property with a 105,000 sq. ft. lot and existing improvements for which you estimate the reproduction cost new to be $2,500,000, physical deterioration to be $400,000, functional obsolescence to be $50,000, and external obsolescence to be $50,000.If you have information on a comparable lot of 110,000 sq. ft. which recently sold for $250,000 and the only adjustment is $1.75 per sq. ft. for the difference in lot size, what is the indicated total value for the subject property.
Account Closed
Tenant pays first $100.00 in maintenacne???
22 July 2018 | 16 replies
If it is something that is bound to deteriorate over time, that should be built into the owner's repair cost figures.
Larry C.
Looking for a good structural engineer for repairs in Philly
21 July 2018 | 4 replies
The floor joints in the basement of the stair were supported by posts and wood headers that had deteriorated and repairs were recommended (reinforce joist connections).
Melissa Yeung
New to real estate investing
24 July 2018 | 8 replies
You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California would cost you a minimum tax of $800 every year.