There are no permits filed yet.The potential tenant wants to build and operate a car wash on the land.What is the best way to calculate the value of the land for the lease?

When I asked what "properly capitalized" was, he recommended for the property management part, $5,000 cash on hand minimum, (I currently have 3 properties) plus show that it receives payment for its services at market rates, separate books, accounts etc, plus insurance.

I'll provide free laundry at my expense so I figured maybe I ask them to pay for their personal water use.

I'd leave the fireplace, clean it well, and stage the hearth and mantle with a few nice accents.Generally trim, doors, bathrooms, and kitchens (anywhere that would need to be washed frequently) are semi gloss.

Common line items that are too high or are not necessary to have, are typically related to services that the current ownership is paying for (e.g. gardeners, coin laundry leases, pest control services, etc.)

And if you are getting water intrusion, you need to make sure there is no wash out under the slab.

Oh boy, I have the same dilemma all the time, although it seems a lot easier to give advise on someone else's project...I would leave the color of the siding, pressure washing and some fresh caulk will go a long way.

Better yet, call your competition to learn what you have to sell that they might not (such as laundry hookups, large yard, whatever) and play on that the next time somebody raises a fuss about the electric heat.I would consider lower rent as a very last resort.

The curtains themselves you can always toss in the washing machine and they will look like new.

I'm going to get the laundry facility up and operational and I'm going to do a facelift to the complex in hopes to attract a better tenant class.