Albert Johnson
Tenant broke hanging light pendant before move out
26 February 2024 | 9 replies
You should never ask Tenants or enter into dialogue with tenats in which tenants are repalcing anything other than filters, batteries or lightbulbs.
Kevin S.
What to do with $1,000,000.00?
1 March 2024 | 140 replies
So, a million bucks.This is Real Estate forum so I'm guessing you are looking for RE options.If this million was for pure investment then I'd:Look in the smaller markets from Western PA through Ohio, Indiana, Iowa, etc.
Benjamin Carver
Lessons from my 1984 renovation
26 February 2024 | 3 replies
If it's just a pure flip than going a little extra on rehab may be more warranted for resale, but that depends on your market and what spread you are working with.- Remember to not make enemies with the neighborhood.
Tania Kenner
$12,000 to Replace a Sewer Line... too expensive?
26 February 2024 | 12 replies
I would imagine the plumber made at least 10k pure profit (Kids u dont have to go to college to make big $!!)
Carey Branam
What do you charge for cleaning upon move out?
25 February 2024 | 13 replies
Walls Remove/treatmildew (per surface) $15.00 Repairholeinwall $55.00 Repaint(perwall/ceiling) $30.00 Doors Replacedoor(inside) $165.00 Replacedoor(outside) $485.00 Electrical Replacelightbulb $3.00 Replacelightfixtureglobe $20.00 Replacelightfixture $65.00 Replaceelectricaloutlet/switch $15.00 Replaceelectricalcoverplate $2.00 Plumbing Replacekitchenfaucet $150.00 Replacebathroomfaucet $105.00 Replacefaucethandle $20.00 Replacefaucetaerator $10.50 Replaceshowerhead $27.00 Replacetoilet $175.00 Replace toilet seat $25.00 Locks Replacekey(doorormailbox) $10.00 Replacecylindricaldoorlock $35.00 Replacedeadboltlock $25.00 WindowsandWindowCoverings Replacewindowpane(sgl) $75.00 Replacewindowpane(dbl) $125.00 Replaceminiblind $20.00 Rescreenwindowscreen $25.00 Replace window screen and frame $50.00 Miscellaneous Replacerefrigeratorshelf $25.00 Replacestove/ovenknob $20.00 Replaceplasticcountertop $275.00 Replacemirror $45.00 Replacemedicinecabinet $75.00 Replacetowelbar $25.00 Replaceshowercurtainrod $25.00 Replace shower curtain & rings $13.00 Replaceshower/tubenclosure $350.00 Replacethermostat $80.00 Replacefireextinguisher $30.00 Removejunkanddebris (per area) $35.00 Replacesmokedetector $15.00 Replacecombodetector/alarm $40.00 Replace alarm battery(perbattery) $2.00 Replace drop ceiling tile $10.00 Replace wireless doorbell $35.00 Actual charges may vary based on condition and/or vendor bill.
Diane Bonheur
Out-of-state Multifamily Purchase
25 February 2024 | 30 replies
@Diane Bonheuris this something you'd live in, or a pure investment property?
John Mark
Good tenant in underpriced unit
24 February 2024 | 11 replies
Im having trouble thinking about it from a pure business point.
Chris Murdien
Would installing solar panels on rentals be a wise investment?
23 February 2024 | 12 replies
And presented in very complicated way, hard to bring them to an apple to apple comparisson.One way to mitigate the lack of a net metering agreement is with a battery system (see Tesla Powerwall) - a very expensive way to become a truly self-sufficient energy producer (basically you become your own power plant), which rarely makes financial sense unless in a region with frequent power loss or in an off-grid scenario.
Ross Hayes
Debt Pay Down Analysis
23 February 2024 | 15 replies
If that $3,000 was all built by using a portion of the monthly rent to pay the loan payment, not costing me anything out of pocket each month (as the only cash out of pocket was at the time of purchase), that seems to be additional value beyond just cash on cash return, a positive monthly cash flow, and also any long term appreciation gains.In that same example (purely directional made up numbers), if rent collected is $1,000 per month, total loan payment is $700, other expenses are $100, then my cash flow is $200 per month.
Ian Skjervem
Commercial lending on $4-5M property
22 February 2024 | 9 replies
It will be underwritten purely on the rent scheduling covering the mortgage payment .