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10 June 2024 | 11 replies
Albuquerque is home to Sandia National Labs, Kirtland Air Force Base, the University of NM, Presbyterian Health Care, Abq Public Schools, Amazon, Netflix, Intel, HP, T-Mobile, several large call centers, among many others.
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10 June 2024 | 11 replies
Where would be the best place to buy a condo that would be used for short term rentals such air bnb or vrbo??
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9 June 2024 | 12 replies
Sadly, my neighbor said the non-paying tenants are purposely breaking things in the house to cause violations and prolong the eviction process
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11 June 2024 | 8 replies
These machines would likely cost millions of dollars, and it is unlikely they could handle the more intricate tasks of finishing the houses… think carpet, showers, stoves, air conditioners, garage doors and their openers, screened porches, and the list goes on.Just my 2 cents All the best!
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12 June 2024 | 10 replies
But those types of numbers are typically in the 'rarified air' of institutional investors that are looking to park $100 million for some low rate of return.
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8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
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9 June 2024 | 7 replies
Will be listing at $425k, we are looking to upgrade to lakefront.Here’s my air BnB listing for some pictures https://abnb.me/lggVYb60xvb
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12 June 2024 | 27 replies
An AFCI device senses the delta between power and in neutral in an attempt to detect an arc that's bridging air space.Most AHJ'S here now require pretty much every circuit to use a AFCI/GFCI combo breaker.Those retail circuit seekers (tracers) from the retailers aren't very good, a good budget one is north of$500, good one's are $1500-$3k
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9 June 2024 | 14 replies
you can get a mallet that helps get the air bubbles out and keep things level.
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8 June 2024 | 8 replies
Upon personal inspection, I often find terrible workmanship.For example, I saw a "newly renovated" property advertising it had central air.