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19 November 2024 | 24 replies
See when materials get delivered, etc.This last one is debatable but It works for me.Not utilizing rewards or cash back credit cards during renovation projects to maximize ROI.
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18 November 2024 | 12 replies
@Jason Porto6-12 Months of Expenses: Many investors aim to have 6–12 months of property expenses (mortgage, insurance, utilities, and maintenance) saved.
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15 November 2024 | 6 replies
The key is finding a reputable house-moving company in your area that can handle permits, utility disconnections, and logistics.
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19 November 2024 | 12 replies
Since you said both units are rented, I'm assuming you are utilizing the LTR strategy?
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14 November 2024 | 3 replies
All utilities are at the street.
21 November 2024 | 24 replies
Maybe they work for the fiber company and they want to put some kind of utility hub there.
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15 November 2024 | 1 reply
When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)
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10 November 2024 | 12 replies
We have a pretty rural place and Idaho has some of the most strict laws around marijuana use so that hasn't been an issue for us.Smoking in general has been a problem a couple of times.
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16 November 2024 | 3 replies
Utility Costs (Water, Gas, Electricity):- Paid monthly by the tenant unless included in rent.
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14 November 2024 | 0 replies
It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!