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15 July 2020 | 168 replies
It means that all the major capital improvements (roof, windows, HVAC, electric service, plumbing system) are new/newer and are verified as having substantial life remaining, AND the finishes are all in good repair, and in line with what's expected for the neighborhood in which the property is located.For example, a house in a B+ neighborhood should not have a 60-amp service with an old fuse panel, nor should the kitchen remind you of your grandparents' house that hasn't been updated since they bought in 1950.
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20 June 2016 | 3 replies
Maybe there would be a sticker on the panel or the pumps.
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13 December 2017 | 179 replies
At our event last year we had a speaker panel on managing a VR from 100-1000 miles away and our group loved it!
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24 December 2023 | 8 replies
I installed solar panels on the roof back in August 2019 and over one year, the panels produced over 11 MW of electricity, minimizing our electric bills (ZERO for the summer and much lower for the winter).
13 February 2019 | 8 replies
Can tenants be forced to pay back the credit they received off of their PGE electric bill because of the solar panels on the property?
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24 August 2017 | 3 replies
House hack this property for a minimum of 1 year to satisfy VA loan requirement.Rental income from the the 3 bedrooms: ~$2,250 ($750/room includes all utilities; potential for an extra $25 for a garage spot)While house hacking, save up a down payment to purchase a similar property using an FHA loan.ExpensesMortgage: ~2,400Utilities: ~150CapEx: 100 (Roof was done in 2012, water heater may last a few more years and is covered by warranty for first 13 months)Maintenance: 100Total: 2,750Current expenses from renting: ~1500Out of pocket: 500 (equaling 1000 saved per month)Home Inspection Call Outs-Main electrical panel does not have main disconnect (national violation) + exposed wiring in garage-Non fire rated plumbing going through garage firewall for laundry hook ups-Flat spot on roof that shows signs of standing water-Entry way is a trip hazard (hard to explain but will post picture below)-Possible rodent infestation in attic-Windows in 2 bedrooms violate fire egress code (sill is 4 feet high)-Closet doors in 2 bedrooms are oversized preventing full access (again hard to explain but will post picture below)-Backyard sliding door doesn't lock-1 bathroom shower diverter valve doesn't work (pretty cheap fix)-Attic insulation insufficientRepairs/Changes right away that I feel are necessary to make rent ready-Electrical Panel and exposed wiring-Closet Doors-Backyard sliding door-Rodents-Shared bathroom vanity to allow storage (currently a pedestal sink)-Master bathroom shower (for personal comfort.
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10 September 2017 | 13 replies
flat portions of the roof, aluminum wiring, Federal Pacific Electrical Service panels (if they are part of the NJ class action), corroded cast iron DWV pipes, pink or lime green bathroom tile, aluminum single pane windows.
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30 November 2014 | 19 replies
I've been busy managing our 15 rental units, was interviewed for BP podcast #83 in August, participated on the property management panel at the RE MeetUp Summit in San Francisco last weekend, continue to be involved in our local rental association, and have been enjoying learning and sharing with like minded people here on Bigger Pockets!
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18 February 2015 | 24 replies
My competiton may have granite and stainless and rent for more or a teal accent wall, painted paneling, goldish bath vanities and butcherblock kitchen countertops and rent for less.
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9 September 2022 | 21 replies
My observation is based on selling excess solar panels (container left overs from Sampson county solar farm build,) primarily to off-gridders.