Paul Lucenti
Strategic ways to scale
23 January 2025 | 8 replies
.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less wear and tear while fixed costs like cleaning and painting are easier to absorb.
John Burtle
Building my first spec home!
31 January 2025 | 29 replies
After that it’s paint and finishing touches. the market here has come to a hault.
Peter Marriott
Problems with our Current Rental and Deciding Whether to Sell or Not
21 January 2025 | 2 replies
We didn't know the siding needed to be replaced because it was just recently replaced by the owner before selling it to us, but probably with bad quality paint/siding.
David Oh
Profit Sharing Bonus for Property Mangement Staff
31 January 2025 | 10 replies
My $.02 is that you don't want to paint with a broad brush.
Sharma Parth
Feedback on company Offer Geek in Flint, Michigan?
21 January 2025 | 14 replies
Hey Tyler we hate to hear that your experience was negative sincerely we would have hoped that we could have come to a resolution we know that you and your partner had made a request that we do $800 of work that was unfortunately not in your scope of work at the time we had exhausted $4900 in additional work to ensure the property was to satisfaction which included a new hood range upgraded lvp flooring additional framing new window and a paint upgrade from a single color format to a multi color format and can lighting all of which was never in the original scope and unfortunately when we requested that we do the work you declined I’ve attached before and after videos of the home for reference https://www.dropbox.com/scl/fi/h0ddll4cyp5g5gq12o73s/Video-J... always twos sides to these stories..
Fetch Phoenix
Bought in a Fire Prone Area, should we sell and consider renting?
31 January 2025 | 6 replies
I've been on the western slope for over 30 yrs.I built my primary, its; Slab on grade, stucco, concrete roof, painted with E-84n roof soffits and tailings fire caulk (anti-ember) vulcan fire vents, 4 car wide concrete driveway, extra large house numbers, red 3/4" hoses on reals @every corner, completely denuded of vegetation 100ft.
Stacie Telles
Refinance on Investment Property
31 January 2025 | 10 replies
If you remodeled, added a room, replaced a roof, painted, boosted the curb appeal, etc. that's a different story.
Alan Asriants
The realities of when you start acquiring more units - unexpected vacancy
14 January 2025 | 9 replies
That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
This is a small 3 br house.Work Order Instructions:- Entry 1 : Security/Screen Door | Replace Exterior Door Screen- Entry 1 : Wall/Ceiling | Spackle and paint- Bathroom 1 : Door Stop | Replace door stop- Bathroom 1 : Light Fixture | Replace bulb- Bathroom 1 : Shower/Tub Caulking | Re-silicone tub- Bathroom 1 : Toilet bowl/lid/seat | Replace toilet seat- Bathroom 1 : Toilet Paper Holder | Replace toilet paper holder- Bathroom 1 : Tub/Shower | Relay loose shower tiles- Bedroom 1: closest to the front door : Closet/Door/Track/Shelving | Install Closet Rod- Bedroom 1: closest to the front door : Light Fixture/Fan | Fan light does not work - replace fan- Bedroom 2: 2nd closest to the front door : Closet/Door/Track/Shelving | Replace closet rod- Bedroom 2: 2nd closest to the front door : Window Covering | Replace blinds- Bedroom 3: furthest from the front door : Switch/Outlet | Install smoke/CO detector- Bedroom 3: furthest from the front door : Window Covering | Replace blind- Dining Room 1 : Window Covering | Replace Blind- Hallway/Stairs 1 : Light Fixture | Replace bulb- Hallway/Stairs 1 : Other | Replace blind- Kitchen 1 : Window Covering | Replace other blind- Laundry Room 1 : Light Fixture/Fan | Replace bulb- Living Room 1 : Switch/Outlet | Replace Outlets- Living Room 1 : Window Covering | Replace Blinds- Basement 1 : Light Fixture/Fan | Replace bulb- Systems 1 : Thermostat | Reattach thermostatLine ItemsDescription AmountLabour hours, replace several blinds, screens, door stopper, replace toilet seat and toilet paper holder, reset showertiles, install closet rods, replace necessary bulbs, smoke detectors and outlets, touch up paint$2,096.38Shop Supplies $3.00Ace hardware invoice I51016 $44.64Ace Hardware I50619 $53.69Ace Hardware I50569 $43.57Total $2,552.16The gross rents on these units are great but so much of the profits get eaten away by the turnover costs it just makes less and less sense every year.