Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
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!
Brett Riemensnider Remodeling My First Unit On First Investment Property!
9 July 2024 | 6 replies
You can easily replace a damaged tile with peel & stick unlike regular tile or LVP. 5.
Dewey Paxon Advice on a hard decision (should I sell my STR in the Dominican Republic)
9 July 2024 | 16 replies
In your case though, you have to be careful when it comes to risks as there's other people's money on the line, as well as your reputation and your ability to raise money in the future.Hope this helps.
Pandu Chimata Fire damaged property
4 July 2024 | 12 replies
I am the process of exploring an opportunity to flip a fire damaged property.
Yongming Huang Why are real estate agent commissions so high in the US?
10 July 2024 | 87 replies
This is a very sensitive question @Yongming Huang but all I will say it that the barrier to entry as a Real Estate Agent is very low, hence the poor reputation for some agents. 
Amit Desai Can Second Home be use as Rental Property (AirBNB, VRBO etc)?
8 July 2024 | 22 replies
For the sake of your reputation and ours, I wouldn't lie to get a lower rate. 
Anthony Santos Investing in Puerto Rico
7 July 2024 | 19 replies
Also be aware of the southern area near ponce, that is where the earthquakes are often felt and the most damage occurs. 
Andres Ruiz Advice on Previous Fire Discovered in Inspection during Purchase of a Property
6 July 2024 | 21 replies
If so, you have nothing at risk and you can request your EMD back and just walk away. 2) ask your realtor what the common discount is in your area for fire damaged homes if any.
Jamall Lynch CaPex Budgeting Costs
8 July 2024 | 20 replies
Mother nature can do 1 massive damage to one and not the other.
Jingru Sui How to transfer title for my rental property from me to my LLC?
8 July 2024 | 27 replies
And it causes the 16 year old driver of the other vehicle to have brain damage and loss of mobility which will require 24/7 nursing care until their death at 75 years old.