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16 February 2025 | 11 replies
What about if the property requires repairs?
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5 February 2025 | 16 replies
He said there shouldn't be any repairs and whenever there were repairs, he paid for the materials and had them be installed.
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24 January 2025 | 0 replies
Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.
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31 January 2025 | 46 replies
That said, if you have a very specific issue, please contact support@biggerpockets and perhaps they can assist you.
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16 January 2025 | 78 replies
I have been investing since 2008 and have purchased everything from single families and duplexes, to 250+ unit multifamily, to assisted living, to shopping centers, to industrial and more.
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22 January 2025 | 9 replies
This will allow your agents and wholesalers to better assist you.
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22 January 2025 | 10 replies
You can also write off expenses such as property management, insurance, repairs, etc.
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27 January 2025 | 1 reply
The letter also states the total non-rent items currently owed by the tenant, such as accumulated late fees or repair charges.Also very important, the tenant states they have no unresolved issues with their current landlord, except as listed in a space provided, and they have no current plans to cancel their lease under the Service Members Civil Relief Act or for any other reason.
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29 January 2025 | 8 replies
I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.
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21 January 2025 | 20 replies
Not sure how well any given agent can actually assist a buyer in negotiations.