Brett Riemensnider
Remodeling My First Unit On First Investment Property!
9 July 2024 | 6 replies
Much like your property, my unit didn't have any central air or heating.
Diran Deukmajian
What to do when tenant gets evicted by sheriff
9 July 2024 | 3 replies
In this heat have lots of cold bottled water for the guys .
Shawn Sopic
Adding mini splits worth it?
8 July 2024 | 3 replies
During this heat wave the temperature on 2nd floor has been in the upper 70s and even hit 80.
Ross Francis
Maine-tenance on multifamily
8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
Dailyn Souder
House Hacking Beginner - What are the rules for charging rent to my tenants?
9 July 2024 | 5 replies
If the rent of that 2 bedroom was $1600, that person would expect to pay $800 rent and maybe another $250 for electric, water, heat, internet for a total of $1050 all included.
Michael Hague
Tenant moved out- owes rent / oil bill & left garage everywhere!
9 July 2024 | 21 replies
We are owed approximately $2,300.00 in back rent and heating oil bills.
Diana Mulvihill
Nest, Locking high + low temperature
6 July 2024 | 11 replies
In other words, guests will only be able to control the AC between your locked min/max temperatures, but they would not be able to change to heat mode.
Ramiro De Leon
VA Loan first time home buyer, out of state.
8 July 2024 | 9 replies
If you're interested in multi-family, I highly recommend starting out with multi-family with your first VA loan as it will be easier to get a single family residence after that.If you decide to pursue multi-family, you'll want to ensure that each unit is separately metered for utilities (water, gas, heat, electricity, etc.) as this is a requirement under VA financing.
Elton Tate
Do You Disclosed Locked Thermostats?
5 July 2024 | 19 replies
Now with heat, people do tend to be a bit more reasonsable.
Bruce Reeves
Overall guidance advice - summer home
4 July 2024 | 14 replies
Getting the idea of a summer home to beat the heat in Arkansas.