Hi folks - I am in the market for a Property Manager in the Rochester area for a 12 unit property.

Don’t Do Multiple Property TypesAvoid the temptation to juggle different property types.

@Angel PerezSounds like you are dealing with a C5 property. 

I have a question regarding a property that the state took over and is selling.

A property will be marketed and may look great, when I visit the property, I can then share The Rest of the Story with the buyer.

Rising land prices are not that common either, and limited to select areas.  

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Essentially, your new replacement property will consist of (1) a thirty plus year ground lease on the real property you already own; and (2) new capital improvements made on the real property you already own pursuant to the new thirty plus year ground lease.

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

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