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14 May 2024 | 15 replies
If you are an out of town investor then I fear investments in this neighborhood (and those like it, Toledo has several) will result in an overall portfolio with higher-than expected wear-and-tear, lower resident financial stability directly translating to shorter times between re-leasing events, and I am curious how much higher the values can go (From $60k pre-2009 to $8k when I bough and I am now steadily see $60k listings again...even a $90k one!).
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11 May 2024 | 4 replies
Sit her down, explain the income vs. rent that is generally acceptable and show her how she would not reach this on a re-lease.
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11 May 2024 | 7 replies
Hope to see a press release from ROC in the next month or two on this!
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10 May 2024 | 7 replies
… Usually, a voluntary partition is effected by mutual conveyance or release executed by all owners.
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12 May 2024 | 33 replies
Some ranches have closed due to concerns about the water, as when the water table in the aquifer gets low, more arsenic is released, and arsenic levels in well water rise.
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10 May 2024 | 0 replies
After being removed from the Company, the withdrawing Member shall be unequivocally released from any legal or financial liability that is related to the Company unless otherwise agreed upon."2) We would like the building/LLC to transfer to my Trust in the event of my husband and my passing.
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10 May 2024 | 0 replies
Value report has just been released and it’s full of good information for those thinking about a minor or major home improvement project in the future.Exterior projects continue to cost homeowners far less than they’ll spend inside and yield the highest rate of return upon selling.
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8 May 2024 | 6 replies
Unfortunately for the owners, the real estate agent created the VRBO and Airbnb accounts under his name and now will not release those accounts.
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8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.
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8 May 2024 | 4 replies
I released a video in December that will be a great resource.