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21 December 2024 | 2 replies
Separate HVAC systems are a good idea too—makes things easier for tenants and utility billing.I’d also recommend talking to a contractor or local utility company about what’s needed for separate power meters and mailboxes.
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11 December 2024 | 4 replies
What do you recommend for hot water leak alert system?
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28 December 2024 | 16 replies
Quote from @Jim Bryant: This is why it's important to understand how the legal system works before investing in an area.
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27 December 2024 | 34 replies
ONe its not guaranteed your renters can and do get kicked off the system for violating the policies.
23 December 2024 | 9 replies
With the income issue, there are screening systems available that verify income by having applicants securely log in to their payroll provider, which then shares their gross and net income with you.
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2 January 2025 | 53 replies
If you are still with CR of Maryland they will transition you to their management system.
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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20 December 2024 | 9 replies
This is why I stress the importance of knowing the laws and the strength of the legal system before investing in a particular market.
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20 December 2024 | 3 replies
Create systems and processes right off the bat.
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24 December 2024 | 8 replies
.: It sounds like you have a great system down, and I am sure that you can find some handymen that are in the area doing part-time work and then working at a day job that could be pushed into full-time work on your properties.