Robert Zajac
Managing my manager - how to best approach maintenance requests
19 December 2024 | 9 replies
This company charges 15% on top of any maintenance requests in addition to their normal fees but all I need to do is approve the estimates - they do all the work/communication with the contractors.Recently my PM sent me a few maintenance requests: a $1400 to fix some plumbing in a bathroom (clogged and leaking - contractor says they need to cut the pipes, reroute and replace some plumbing, recaulk.
Adam F.
Anyone have experiencing using a quit claim in Chicago?
19 December 2024 | 12 replies
., I estimate that this will cost over $10k.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
That said I like to be able to run year end reports with an estimation of tax liability so I can provide financial statement information to investors/etc.
Robert Nelson
Pros and cons of a condo for your first investment property ?
23 December 2024 | 7 replies
Some pros:- You'll have plenty of cookie-cutter comps so you should be able to get a very accurate estimate of ARV and/or sale price in the case of a flip.- Your maintenance and repairs will be mostly limited to the interior of the property as the condo management will maintain the building- You won't have to worry about tenants maintaining the grounds around the buildingCons:- Condo fees may change drastically over time and it's largely not in your control- Condo bylaws can be tough to work around.
Gregory Schwartz
Could Redfin be correct predicting 7% interest rates in 2025?
22 December 2024 | 24 replies
"In a 2016 paper, Mark Zandi, chief economist at Moody’s Analytics, estimated that full privatization of Fannie and Freddie would cost the typical American taking out a new mortgage $1,200 annually.
Veronica Taylor
NYC......Eric Lee —fake listings?
14 December 2024 | 11 replies
There was a Levitt home that has been on the market for approximately 130 days and it might be the cheapest home I've ever seen listed by Sowae Corp. with Eric Lee as the salesperson.
Yosef Sara
Need Advice: Contractor Dispute Delaying Project Completion in River forest
17 December 2024 | 1 reply
Have 2-3 contractors look at the job and get written estimates on what it's going to take to finish the job, correct the mistakes, pass occupancy certification etc. use those estimates in your countersuit / mediation process. 4.
Rajesh Kasturi
Best Places to invest for Mid Term Rentals with cash flow and appreciation
24 December 2024 | 8 replies
with our estimates for both income & expenses on this property.
John Williams
Downside of the 1% rule...
23 December 2024 | 34 replies
Now you might be like Joe, know rents for a couple of neighborhoods and can quickly estimate expected cash flow from properties pretty quickly (that's what I do as well) but you still need a screening rule so you invest minimal times on properties you will never put an offer in on.
Dan Keefe
Inconsistent rent data in Biddeford
19 December 2024 | 10 replies
I typically look at Zillow, centimeter and BP to get a full understanding of what rents are in the area to get the best estimate of what a property would rent for.