24 November 2024 | 0 replies
The exterior we removed all sheeting and replaced everything and installed vinyl to update it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2905656/small_1712526874-avatar-aprilb132.jpg?twic=v1/output=image&v=2)
15 November 2024 | 16 replies
Let your STR start making money before adding cost in replacing the flooring.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2582426/small_1715639872-avatar-jamiebanks.jpg?twic=v1/output=image&v=2)
26 November 2024 | 11 replies
Identify any items that need replacing.2.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1272507/small_1695161641-avatar-ericc320.jpg?twic=v1/output=image&v=2)
26 November 2024 | 21 replies
Another expense is replacing items that are broken, stolen, or worn out over time.
19 November 2024 | 28 replies
I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2833615/small_1706235925-avatar-kathyd63.jpg?twic=v1/output=image&v=2)
1 December 2024 | 32 replies
A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/730103/small_1638998135-avatar-davido80.jpg?twic=v1/output=image&v=2)
21 November 2024 | 0 replies
Replacement Cost policies.Basic vs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3142347/small_1730747035-avatar-truongv4.jpg?twic=v1/output=image&v=2)
23 November 2024 | 7 replies
Additionally, since you need to replace your vehicle soon, you should consider how that $30k purchase fits into your overall budget.Take a close look at the current housing market in Orlando, where prices are around $400k for decent homes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3147653/small_1732027050-avatar-timc511.jpg?twic=v1/output=image&v=2)
22 November 2024 | 1 reply
So you may need to supplement more outside money to the purchase.You can always choose to add cash so you end up owning your replacement property with no debt.
25 November 2024 | 11 replies
Are you thinking that some software will replace a hands-on property manager?