Bruce Tieu
Design and furnish strategy for non conforming duplex
26 November 2024 | 9 replies
Your bio says "Denver" but that could mean a lot of things and there are significantly different rules on renting out your property whether you're in Arvada, Westminster, Aurora, Denver proper, etc, etc.
Erich Oertel
What cities are still great to invest in
6 December 2024 | 45 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Elliot B.
Submetering Heat with BTU/Flow/Energy Meters
29 November 2024 | 27 replies
I know very little about legal precedent but I'd expect the major meter manufactures (selling into the utility space) to be well incentived to challenge these items best they can, and they have money.Here are the issues, and the reasons that the difference between an air forced system and a boiler/hydronic system are not meaningful for this discussion (ie efficacy issues of sub metering exist for either when method of measurement is measuring heat at point of delivery):In either case, the blower (or pump for a boiler) is the method of 'moving' either air (central air) or water/glycol or equivalent (boiler etc).
Sean Relyea
Baselane & ACH Collection Services
3 December 2024 | 26 replies
The time it takes for the draws from tenants and then the ACH transfer to you leaves you getting pain on the 7th or 8th of the month, the $1 ACH transfer fee is an annoyance that has drawn some complaints that are as petty as the fee feels, the new tenant application features are sub-par, and I'm not sure how well it properly informs tenants of the additional charge for credit cards as I got panicked texts about the added fee from a tenant already going through some hardship.
Isaiah King
SMS marketing & staying TCPA Compliant
25 November 2024 | 0 replies
Doing the proper due diligence & been seeing that in order to use SMS blasting you have to stay TCPA compliant and have the homeowners opt in.
Toby Fellows
Advice on Evictions after foreclosure Sale.
25 November 2024 | 1 reply
@Toby FellowsGet an attorney and have them complete the process for you would be my recommendation.While it is something you could do, I always recommend spending a few hundred bucks to make sure it’s done and done properly
Lorraine Hadden
Is AN 800+ FICO CREDIT SCORE EVEN POSSIBLE?
9 December 2024 | 38 replies
It's a credit score. the best way to build credit is to have credit, use it liberally and use it properly.
Tim Callahan
In Maine, can I use a tenant's security deposit to cover legal fees for an eviction?
26 November 2024 | 4 replies
I hired a lawyer to handle it, and she was given proper notice.
Silas Melson
Turnkey Investing Concerns
3 December 2024 | 16 replies
Yes, you will likely pay close to or at retail value if you are buying a quality property that has been properly renovated.
James Landsford
French Drain Install - Labor and Materials - am I getting ripped off
25 November 2024 | 9 replies
How long a stretch does it run to provide proper slope to drain the water effectively?