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14 August 2024 | 1 reply
Insurers are now looking at roof conditions, over hanging trees, type of water pipes, and electrical.
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14 August 2024 | 6 replies
His motel has been shut down since COVID-19 for not being up to code, now, he has renovated it and water/electricity is running.
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15 August 2024 | 16 replies
Don’t forget monthly electric costs to keep the recirculating pump on, and water costs to maintain proper water level.
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13 August 2024 | 0 replies
The tenants power was shut off for non-payment and I need to put the account back in my name.Recently my HOA sent me photos of my rental townhome with a gas generator running in the yard and the electric meter missing and shorted out.
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14 August 2024 | 20 replies
Someone comes in and uses lead roof materials, electrical conduits, a tank lining, soft solder, orparts from China all which have lead in remodeling after the certification...I know lead is dangerous for children.
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14 August 2024 | 4 replies
Second, I pay for all utilities (Electric, Gas, Water, Yard Maintenance, Internet, etc.) and have it included in the rent price.
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14 August 2024 | 26 replies
How much would I actually receive if I had tenant pay utlities (Gas, electric, etc)?
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13 August 2024 | 0 replies
At 599 total heated square feet, the small tiny home will feature an open driveway, 3 bedrooms, 2 bathrooms, kitchen, living and dining combo, all electric, with a full size washer and dryer.
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19 August 2024 | 3705 replies
Updated electrical, new bathroom, new roof, siding.
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12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).