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6 December 2024 | 4 replies
I assume it has sewer/septic, water and electric and they 2 tiny homes are plumbed/wired?
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9 December 2024 | 8 replies
In addition, I will also be paying much closer attention to water flow patterns and signs of erosion around our next investment!
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4 December 2024 | 4 replies
If you have a 6 bedroom in an area that does not have a university (students looking for shared space) or is in a family friendly place it may sit vacant longer between tenants.For Capex, try not to use a generic number - look at the roof, furnace, hot water tank, kitchen - when will each need to be done and what will it cost?
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10 December 2024 | 14 replies
The rental might be vacant for a month,(8% loss) or a tenant might not pay for a month while you pay to evict them.(8-16% loss) A $1,000 appliance/water heater, or a $8k rook or hvac unit might go out.(5-40% loss) You should be paying a PM 8%.
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4 December 2024 | 3 replies
Its extremely important when running tighter margins like what you're talking about to focus on age of HVAC, water heater, appliances, roof, etc.
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5 December 2024 | 6 replies
Given this is where my major operating expenses fell (beyond taxes and insurance), keeping this cost lower, by average, helps my cash flow.I invest in older neighborhoods, so the 2-4 unit properties, typically have single water meter, maybe single electric, and many have radiator heat with a single boiler.
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27 November 2024 | 7 replies
What we do for houses with heating oil , we measure the amount of oil in the tant ( There is a chart that tells yo how many inches equals gallons ) And the tenants pay that up front when they move in , the oil is now theirs .
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5 December 2024 | 34 replies
An alternative to batteries is a "water battery".
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4 December 2024 | 6 replies
That certificate would show open taxes, water, housing violations, citations, condemnations, receiverships, construction liens and other municipal liens.
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4 December 2024 | 7 replies
You might need a 2nd well if you're not on city water.