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Results (8,086+)
Jeff Schemmel Talk to tenants during showings and inspections
26 July 2024 | 1 reply
I purchase multifamily all the time and when I walk properties, I always inquire with the tenants to gain an understanding of the property.
Emily Runyan Need Help Deciding on Rental Strategy for New Construction in an "Up and Coming" Area
26 July 2024 | 14 replies
I've had NO interest in it, not even to inquire about when it will be furnished.My question is this: Do I take Section 8 or a lower rent for a year or so, and break even (the long term rent I could get would have me break even)?
Namal Burman Now what to do!!
25 July 2024 | 14 replies
@Namal BurmanI have CPA referrals in the San Diego area if interested; feel free to send me a message to inquire
Jake Benny Turnkey Single Family Residence Companies
24 July 2024 | 7 replies
Ask for data on these items.Turnkey providers sell you a property out of their inventory—inquire about the guarantees or warranties that are offered.
Jason Griffin Property Managers in Wilmington, DE
24 July 2024 | 6 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
Johnny Hastings Rental Arbitrage in LA
24 July 2024 | 17 replies
It wouldn't be apparent to those viewing your listing so inquirers may be unaware until they actually book and stay in the home.
Arthur J. Encinas US Tax Lien Association solid training?
22 July 2024 | 13 replies
(Please don't construe any contact info I provide as an "endorsement" or "recommendation.")Regarding the company your inquiring about, I've come across the following links - for whatever their worth (they may or may not be reliable):https://getoutofdebt.org/46215/saen-higgins-switch...https://getoutofdebt.org/36930/are-wealth-without-risk-informercials-an-extension-of-john-beck-tax-lien-systems-challenged-by-ftcIt's unfortunate that there is often an inverse relationship between (a) the amount of marketing an education/guru company does and (b) the actual value of the services provided.The initial sale made by such companies are really part of getting unsuspecting consumers into a sales funnel that leads to selling the consumer an education course for $10,000's.
Franc B. Slow fridge leak damaged my floors can I claim on home owner’s insurance?
22 July 2024 | 12 replies
Another key thing to know is if you don't have an actual agent that doesn't work for the insurance company (for instance if you contact a call/service center), inquiring about a loss even if you don't file a claim or follow through with a claim could impact pricing.
Rick Albert Buying without counting towards DTI
23 July 2024 | 13 replies
Also, any competent underwriter who sees a property connected to you or your entity is going to inquire about it, whether through tax returns, corelogic, etc.
Karolina Powell Questions to ask when touring a multi family
21 July 2024 | 12 replies
Ask about the maintenance history.Units: Visit as many individual units as possible to assess their condition and note any necessary repairs or updates.Structural Issues: Be vigilant about signs of water damage, mold, or pests, which could indicate larger problems.Safety Compliance: Verify that the property meets all local safety and building codes, including fire alarms, extinguishers, and emergency exits.Financial and Operational AspectsRent Roll: Request a detailed rent roll to understand current rents, lease terms, and tenant occupancy.Expenses: Get a breakdown of all operating expenses, including utilities, maintenance, insurance, property management fees, and taxes.Income Verification: Ask for historical income statements (preferably 12 months or more) to verify the revenue.Vacancy Rates: Inquire about the historical and current vacancy rates and how they compare to the market average.Tenant Profile: Understand the tenant mix, including residential versus commercial tenants, lease lengths, and tenant turnover rates.Property Management: Find out if the property is currently managed by a professional management company and if you will retain or replace them.Legal and ComplianceZoning Laws: Ensure the property complies with current zoning laws and inquire about any zoning changes that may affect the property.Rent Control: Determine if the property is subject to rent control or other regulations that could impact income.Permits and Licenses: Check that all necessary permits and licenses are up to date.Value-Add PotentialRenovation Opportunities: Identify areas where you could add value through renovations or upgrades.Rent Increases: Assess the potential for increasing rents based on market rates and property improvements.Additional Income: Explore opportunities for additional income streams, such as laundry facilities, parking fees, or storage rentals.Environmental ConsiderationsEnvironmental Hazards: Check for any environmental issues like asbestos, lead paint, or underground storage tanks.Flood Zones: Verify if the property is in a flood zone and the implications for insurance and risk.Questions to Ask the SellerReason for Selling: Understand the seller’s motivation to gauge the urgency and possible negotiation points.Recent Repairs and Improvements: Ask about any recent capital expenditures and future planned repairs.Tenant Relations: Inquire about the relationship with tenants and any ongoing disputes or issues.Due DiligenceProfessional Inspection: Hire a professional inspector to conduct a thorough examination of the property.Appraisal: Obtain an independent appraisal to verify the property’s market value.Legal Review: Have a real estate attorney review all contracts, leases, and legal documents related to the property.By covering these aspects, you’ll be in a stronger position to make an informed decision about your potential investment.