John Su
maintenance for rentals in places with snow
15 July 2024 | 7 replies
@John Su tenants typically take care of snow when occupied, but owner is responsible when vacant - and some cities write tickets if snow not removed with x hours.In colder climates you also have to worry about keeping heat on when vacant so pipes don't freeze.
Savannah Walbert
Zoning for an ADU in Linden?
15 July 2024 | 10 replies
I don't know if today's climate of the city recognizing a need for more housing might make some sort of small difference (something you'd have to discuss with them) but, other than that, this is an accident waiting to happen.
Account Closed
Population Trends - Where People Are Moving To & Away From Affects Investing
14 July 2024 | 6 replies
When I ask for reasons I get cost of living, quality of live, moderate climate, fresh water access, no natural disasters and moving back to where they were from.From what I can see the trend to the Midwest is steadily increasing, but by no means as big as moving south.
Dayton Bourassa
First 4 Unit Looking for Feedback
14 July 2024 | 13 replies
I have a portfolio in Detroit (similar climate) and pay $75/mo for a SFH and ~$125/mo for my duplexes.
Vincent Donato
Yes or No to ceiling fans in rentals?
14 July 2024 | 56 replies
If it is temperate climate maybe it would be good to go without ceiling fans.
Christina B.
Granby Ranch HOA (Colorado) just added a 2.7% surcharge on STRs
12 July 2024 | 7 replies
(But it wasn't apples to apples.)I looked at AirDNA's data recently and don't disagree with their broad picture but again, people here know that the details and other factors can tell a different story and bring success for some in the same area (comparables) and loss for others.I'm all about reducing risk and my read on climate data and global economies (& yes, politics) incline me toward continued investment in properties that have multiple channels of revenue, above a certain latitude, and more upscale.
Kee Lee
Tenant claims sickness due to Mold
15 July 2024 | 65 replies
*Provide adequate climate control in order to keep moisture levels down and prevent mold growth by opening windows or using a dehumidifier if necessary.
Jason Shackleton
What States are STR investors buying in right now?
10 July 2024 | 34 replies
Favorable destinations, and healthy tax and STR climates.
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!
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.