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13 August 2024 | 10 replies
The owner/manager has been very responsive about calling an exterminator, but cleaning the kitchen counter of rat poo every morning is...memorable.You're spot on about getting a good cleaner; they can make or break the quality of the guest's stay.Keep up the good suggestions, and thank you!
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13 August 2024 | 5 replies
While some say the handwritten look adds a certain authenticity, a well-designed sign with a clean logo could attract a different segment of sellers who may prefer dealing with someone who presents themselves professionally.
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14 August 2024 | 12 replies
Considering we dont do a great job of monthly sitting down and cleaning up our books.
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13 August 2024 | 14 replies
@Cole Barthel Wow what a potentially great opportunity for you and for your neighborhood if you're able to clean up these properties and treat the tenants with the respect they deserve!
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12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
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12 August 2024 | 6 replies
The bank that foreclosued turned off the electric the punp stopped working and there was about 2-3 feet of water in the finiahed basement for about 3 years.
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12 August 2024 | 2 replies
Cleaned, updated and added new systems throughout initially.
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13 August 2024 | 13 replies
However, in that scenario is you can compete on price even 5% cheaper you may win.In FL - Clean and comfortable interiors with awesome backyards do much better than awesome interiors with blah exteriors.Obviously to have it all is the best, but dollar for dollar exterior amenities in FL have a higher ROI.
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15 August 2024 | 29 replies
For example, roofing, painting, cabinets, flooring, electrical, plumbing, HVAC, etc.
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10 August 2024 | 8 replies
Commercial space rent in the area for similar properties is $3000-$4000/mo but property taxes annually are $25k+, insurance $6k+ and other expenses such as trash, water, heat & electric, etc.