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Results (10,000+)
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. 
Michael H. Cook "Shenandoah" STR: What to know
8 July 2024 | 35 replies
STRs are so fluid with peak seasons for the attractions based on your location that it makes it a little tougher to guestimate what your numbers for the year could look like.
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.
Rae Palin Great decor and items for STR
2 July 2024 | 7 replies
Heated towel racks always go over well.Keurig coffee with coffee pods and condiments.Gift upon arrival.Hope that helps.Mike
Ethan Clay Lesperance What I have been up to and ways to more effectively move forward. BRAINSTORM
2 July 2024 | 7 replies
I moved in with no heat, no water, and a very poor electrical situation but by this time i was working for my mentors construction company and had an abundance of resources at my disposal.