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18 April 2024 | 4 replies
Make sure to follow their inspection list, the inspector checked everything on that list, testing every single plug in my property, turn on every appliance, hot water.. very thorough.
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17 April 2024 | 1 reply
Walk every unit even if you have an inspector.
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18 April 2024 | 33 replies
But no, the City does not send out an inspector to your house to make sure its up to code.
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20 April 2024 | 100 replies
An inspector or contractor ought to be able to give you a decent guess in life left in the roof and hvac systems.
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17 April 2024 | 5 replies
Thanks. ( We are using realtors inspector)
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17 April 2024 | 9 replies
Furthermore, the only way I can pay him is giving him my credit card info over the phone....he has no online payment portal.I still owe him for the inspection ($435) and am hesitant to hire another inspector right now.
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16 April 2024 | 4 replies
Shop around for lenders, find a property (wholesaler/investor friendly agent), get a team together (contractors/inspector), walk the property with contractor?
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18 April 2024 | 12 replies
More details/example fees: Management Fee: 10% of gross rent collected, $50 minimum per unit.Leasing: One full month’s rent upon execution of a leaseOther: 10% will be added to each invoice for any repairs, maintenance, improvements, landscaping, and snowremoval for the Property 50% of late fees collected $50 lease Renewal Fee $50 per utility turn on $25 posting 3 day notice $100 per court appearance witness fee $50 tenant removal with bailiff or police $50 to meet inspectors for housing voucher programs, occupancy certifications, and/or POS or rentalinspections Broker may charge to offset Broker expenses for postage, key copies and other misc. expenses $100 set up fee $120 annual consortium fee ($60 March 1st, $60 Sept 1St)Given all this, how do I input it when I'm making calculations for a potential investment (do I put this in as >10% like 12%, 15% or 20%?
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16 April 2024 | 12 replies
Seek help from professionals such as home inspectors, real estate agents, attorneys, and accountants during the due diligence and transaction process.
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15 April 2024 | 11 replies
Key questions to ask include:Their experience with out-of-state investors.Knowledge of the rental market in Cypress, Katy, and Sugar Land.Experience with investment properties, particularly single-family rentals.Their network of local contacts, such as property managers, contractors, and inspectors, which can be invaluable for an out-of-state investor.Technology will be your ally if you are an investor from out of state.