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!
20 May 2019 | 1 reply
(from our Property Rules Addendum)Tenant acknowledges that it is necessary for Tenant to maintain appropriate climate control, keep the dwelling unit clean, and take necessary measures to retard and prevent mold from accumulating in the dwelling unit.
16 August 2021 | 12 replies
Today’s building climate is one of the most competitive in history.
2 May 2022 | 53 replies
This is because the area has very high rents, and with travel nurses I have to pay for all utilities, including heat in a Northern climate, internet, garbage, lawn care, and snow removal.
26 January 2017 | 21 replies
In this obscenely smothering regulatory climate, I know it sounds like a loophole of some sort, but it’s not.
8 January 2018 | 4 replies
I wouldn't mind joining them after this recent subzero climate we've been enduring.I'm just curious if anyone else had any thoughts on the topic.
13 October 2017 | 20 replies
You can't feed that spiral or you'll never get the property.Owner carry may solve some attachment disorder that may be there but same issue as above - She'll be focused on the depreciation recapture up front (reasonable or not).
23 December 2022 | 9 replies
The lending climate changes from time to time.
8 August 2024 | 28 replies
It will also allow househackers to get their foot in the door, in a higher priced market/higher interest rate climate.#4 Higher Appreciation Potential:Single-family homes tend to appreciate more consistently and at a higher rate than small multifamily properties over time.
22 June 2013 | 3 replies
Any advice on looking at the climate of your local market would be appreciated.I have had two coworkers sell their house recently in the area where I lived.