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15 June 2021 | 2 replies
Came with tenants who pay a fair but below market rent based on the quality of the interior finishes/condition.
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15 June 2021 | 1 reply
The value-add consists of strategic interior renovations, decreasing utilities through a water savings plan, and also implementing a cable contract available to tenants.
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28 June 2021 | 2 replies
Interior renovations, utility savings, organic rent bumps for under market units, and cable contract.
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15 June 2021 | 0 replies
Would definitely need new interior paint, flooring, kitchen cabinets, appliances, and sure there's other minor and cosmetics to be found.1a) Would I need/want a general contractor for all of these renovations or do I need a "handyman" for most of these items but maybe the GC or separate vendor for the roof/major areas?
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19 June 2021 | 52 replies
Here is a summary of issues from the inspection report1) No roof vents for attic ventilation (this is a brand new roof barely 2 months old)2) Satellite dish is screwed directly through roof surfacing (this is a brand new roof barely 2 months old)3) Some roof coverings are damaged (this is a brand new roof barely 2 months old)4) Pull down attic stairs not properly insulated (not a bid deal, easily fixable)5) Missing or damaged soffit screens (not a bid deal, easily fixable)6) Mold on interior walls behind the kitchen sink (The kitchen was "rehabbed")7) Firewall behind the furnace was breached in one or more areas in the garage (garage was also "rehabbed")8) Exterior brick siding has hairline cracks (not a big deal)9) Exterior trim boards have gaps leading to water intrusion (not a big deal, easily fixable)10) Wood rot observed on one or more areas of siding (not a big deal, easily fixable)11) Noticeable repairs made to one or more areas of the ceiling (not a big deal)12) Wood rot on one or more areas of exterior doors (not a big deal, easily fixable)13) One or more privacy doors jamb when closing (not a big deal, easily fixable)14) One or more privacy doors do not latch (not a big deal, easily fixable)15) Windows have missing screens and damaged springs (not a big deal, easily fixable)16) Some windows do not stay open (not a big deal, easily fixable)17) Cracked double-paned window (not a big deal, easily fixable)18) Dampers are missing required clamps to prevent closure on gas log fireplace (not a big deal, easily fixable)19) Fresh air vent at chimney is loose at the wall (not a big deal, easily fixable)20) Wood deck showing signs of deteriorating in areas (not a big deal, easily fixable)21) Grounding rod near electrical meter is missing the required clamp (not a big deal, easily fixable)22) Latch for the main electrical panel is missing (Maybe best to replace the whole box)23) No antioxidant on aluminium conductors 24) No smoke detectors..
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21 June 2021 | 10 replies
You may have to put some sweat equity into it initially like painting the interior or some yard sprucing up, but it will cash flow $150-200 after the mortgage, taxes, and expenses are paid each month which isn’t bad.
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16 June 2021 | 1 reply
When (and only when) the windows are open, a chemical-like almost rubber smell starts coming from some of the interior walls.
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16 June 2021 | 1 reply
Added new LVP throughout the main living area and kitchen, painted the entire interior and updated the garage.
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29 June 2021 | 3 replies
The video contains all of the interior.
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17 June 2021 | 0 replies
The property needs a complete rehab, all interior cosmetics + mechanicals.