I guess it is possible that a joint blew open, if it wasn't properly secured.

Hi Adrienne,You cold pull up the carpet and have a look at the subfloor--maybe it's OSB from some old packing crate in that spot.If the joists feel solid underfoot and the area to each side feels bouncy, the floor wood may have failed.If that is the case a contractor may be able to cut 1/2 way along the joists on each side and insert new "Flooring grade PLYWOOD" of the same thickness as the rest of the floor.The carpet will probably need to be "Knee-ed" back into place by a carpet installer to prevent wrinkles.Be ready for anything when you open it up (meaning idiotic workmanship such as joists with way over-large notching for plumbing, etc...)This may also be a harbinger of things to come (or it may just be an isolated indecent.)Good Luck!

Hi Apurva,53 units -- It would be smart to talk to an Architect who does multi-family (In your general area) about the cost of doing a restyle as well as colors.Especially if you choose a Hardie (Fiber Cement type) product.With Hardie (Type) products, read the upkeep instructions, some require re-applying the joint sealers (factor that into your maintenance budget).Also with Hardie (Type) products there is a service life to the color...some come pre-colored, some your contractors must paint on site, (some require priming of cuts when installed)---talk to the Architect about the maintenance schedule and the CAPEX for this.Hardie makes big sheets of this for multi-family that Architects can use for visual effect and ease of installation.With 53 units--springing for an Architect to help with this would be intelligent.Good Luck!

Good morning. I am seeking advise on business set up for purchase with  two friends who already have an LLC and have flipped in past.  We are considering purchase of a commercial property. Is it best to have two separ...

My partner, Corey Meyer and I are thrilled to announce that we recently closed on our first joint property in Polson, Montana.

I have also considered a joint venture or seller financing, but I need to do more research into theseThank you in advance for the insight!

Jointly liable lease.

I am not a lawyer, but I believe that this issue is usually addressed as "Joint and severable" clauses.

I was thinking I can bring the reserves and pay for the conversion cost and asset manage the projectDo you typically leave the cash flow in a joint banking account with your partner?

If so I would trim the window in this way then caulk the smaller cracks and joints.