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14 September 2012 | 5 replies
You could bring in a money partner to stabilize but getting something is better than losing it and getting nothing.You could also look at selling to a land holder or a developer for cash to tear it down and rebuild something better.You can also approach your bank and explain your repair situation and see if they will help with the repairs to protect from a default and huge loss.Some small banks will do this sometimes.To the big banks for the most part you are just a number and a loan that has to be worked through.A HML loan will eat you up and I don't recommend that.A regular lender will not touch a property like that.
5 July 2013 | 13 replies
Remove and dispose of the honey as you've been spraying workers who have tracked poison into the hive (As tempting as it may be, don't think about eating any of it).Remove all of the old hive and points of attachment.
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17 September 2012 | 7 replies
Some small contractors eat off of Angies List so you should have pretty good success at finding what you are looking for there.
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22 May 2013 | 8 replies
It is the big capital expenditures that don't come up every year which eat up the cash flow.
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21 September 2012 | 4 replies
Transactional fees are eating into profits and I need too find another way too wholesale.
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25 September 2012 | 19 replies
While I agree that a good property manager is a must, as @Chris Clothier mentioned it's still imperative that you visit the property regularly to ensure that your interests are being looked after, and this alone eats considerably into your cash flow, not to mention your time and energy.
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23 September 2012 | 21 replies
It's all subjective on a case by case basis.For instance one owner I know owns a multifamily complex of ranchers single story (over 100 units) on about 12 acres.Over the years retail commercial has built up all around it.The owner hasn't raised rents in 3 years.90% of the community is 55 and older even though it is not designated for that.The owner keeps it filled and does minor things to maintain it.Eventually it will probably be torn down and sold off for redevelopment.Knowing that it doesn't make sense to really over improve it and increase the rents.When buying a multifamily building you have to look at many factors and where it is located to determine what your plan will be.I like upping the rents slightly so that you get the increase but are still below market.As other shave said for someone to move and pay deposits and moving fees etc. they won't do it for a small amount.It's like a restaurant upping a burger 25 cents.You won't be happy about it but will deal with it.Up the burger at once by 1.00 and many might look for another place to eat.
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24 September 2012 | 4 replies
In the past we've included water bills in our lot rent, as we don't have many tenants and it's just easier, but recently the small towns we are in have raised their water and sewer rates so high that it's eating us alive and we are looking into sub metering.
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6 April 2018 | 14 replies
This tenant gets use of all these anemities.. 2nd fl. being a smaller unit 1 bedroom ideal for a single guy or girl or a couple at best.This works well for alot of reasons: The family on first fl. is looking for the comfort and feel of a single family which they are getting, 2nd fl. person is just looking for a place to eat/sleep/study etc...
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28 September 2012 | 15 replies
I know this was the first meeting and repeat attendees can plan next time to eat dinner before, etc.