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Results (10,000+)
Ryan Daigle Is Multifamily Truly Recession Resistant?
21 March 2020 | 28 replies
Most jobs are oil and gas execs and with oil down really low those companies are not making much to any profit and can't afford to keep paying those high salaries.
Zach Witt Why look for two meters?
11 March 2020 | 2 replies
Two meters would indicate that the ____ (electrical, gas, water, or other utility) is already set up in a way that the landlord can simply have the tenant pay the utility directly. 
Tom Veit Why are the bid-ask spreads so large in Philly for Multi Fam
11 March 2020 | 2 replies
You should bid what your analysis suggests is a great price for the property, keeping in mind that many of the multifamily properties in the Greater Philly area are converted older homes rather than purpose built multis, so often the utilities are co-mingled among units (water, heat, electric, gas etc), meaning you either would want to convert/separate them so tenants can pay their own, or ratio bill (which adds mores item to track and manage)
Rose De Luca What's right thing to do?
13 March 2020 | 4 replies
Then treat the house as a normal rental, so they pay rent every month and they are responsible for electricity, gas and water. 
Geetha R. Predictions for Charlotte Area amidst CoronaVirus/Recession signs
15 March 2020 | 2 replies
Most resturant, gas station and business parking lots were barren of cars.
Paul Birkett 2008 all-over-again? The Mortgage View...this is going to hurt!
16 March 2020 | 0 replies
Some homeowners will quickly fall behind on mortgage payments as they prioritize other expenditures (food, healthcare, gas, phone and auto payments).
Paul Birkett 2008 all-over-again? The Mortgage View...this is going to hurt!
16 March 2020 | 0 replies
Some homeowners will quickly fall behind on mortgage payments as they prioritize other expenditures (food, healthcare, gas, phone and auto payments).
Nicholas DeGaetani Tenants got my property condemned - do I evict?
25 March 2020 | 26 replies
You need to apologize to and thank your tenants for doing what they did.Sewer gas backing up into a house is more than stinky, it can be deadly.
Alessandro Cardito Suppliers in Northern New Jersey
17 March 2020 | 5 replies
gas fireplaces?
Ethan Johnson Analyzing MHP Deal - Buy or Not?
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…