Ross Francis
Maine-tenance on multifamily
8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
Mike K.
RE Investing - Not a good option right now
10 July 2024 | 112 replies
However, depending on the economic climate deals might look differently.
Joseph Abraira
Newbie with a VA loan and a dream. Any advice about the market in Jacksonville FL?
7 July 2024 | 2 replies
Otherwise known as thongs to ya'll...here in the south "thongs" have a totally different meaning. hahaha - I resided in North Co San Diego in my 20's and can absolutely tell you that you will miss that climate.
Diana Mulvihill
Nest, Locking high + low temperature
6 July 2024 | 11 replies
This may work in certain climates or seasonally, but I've ran into issues with it during "in-between" seasons where both cooling and heating was needed, so I ultimately just turned it off.
AJ Wong
Oregon Coast Safe Haven: Investing in a climate refuge for the future
30 June 2024 | 5 replies
Unlike other gradual climate changes, the discomfort from heat and fire occur instantaneously.
Bruce Reeves
Overall guidance advice - summer home
4 July 2024 | 14 replies
I know Colorado has been expediting a lot of climate related issues which is impacting home insurance coverage, so maybe just make sure to research that extensively before buying there.
Yongming Huang
Why are real estate agent commissions so high in the US?
10 July 2024 | 87 replies
The question is - how to make that happen in this new climate.
Jessenia Hartage
Is investing in NYC a bad idea
3 July 2024 | 55 replies
It is for professional investors who have years under their belts and can weather the storm from the political or legal climate.
Mark Adams
Charter Financial of Houston Texas
1 July 2024 | 9 replies
I do realize that the climate has changed since this question was posted, however, selling a note in good standing in these times should not be too difficult.
Brice Connors
Holding On Vs. Selling
28 June 2024 | 1 reply
That said, I hate to lose the interest rate in this climate.