Steven Maduro
what renovations make the most sense for your rentals
17 October 2012 | 16 replies
Ed Lee@ed leeI got it done very reasonably because of an arrangement with my contractorbut what was purchased was about 60.00 worth of pvc fittings and pipe you need a drain pipe and supply linesyou need the washer dryer hookup boxesand a roll of electrical wire that handles 220 currentwe had to get 2 30 amp breakers one for each unitand dry wall and mud to repair what we ripped outand finally vent tubing I cant say exactly what all this cost but somewhere in the neighborhood of 350 but remember I was doing two units the labor was priced at 160 a day and it took three days to complete.so just under 900 to do both units
Minna Reid
Rehab to rentals
12 July 2007 | 16 replies
They never reported a problem with the drain, and now you have a sink base cabinet delaminating, mold, and more repair bills.Yes, some of this you can bill the tenant for, and maybe even collect it, eventually.
Minna Reid
A few questions about short sales
8 August 2007 | 8 replies
You then tell them that you will turn the file over to your 'partner' who will follow up and work on a short sale.I and a few other investors I know avoid short sales as they can be a large drain on one's time.
Fred Ramos
Raw Sewage treatment
18 September 2007 | 8 replies
Ive fixed plumbing problems in my rental units from main drain clog, froze/busted pipes to broken mains inside and out root infiltration you name it. call roto rooter get a sewer camera inspection and find out whats wrong it may be a busted elbow this may be cheap to fix now if you have crushed main's some plumbing contractors offer a pipe bursting or pipe relining service and its done with hydraulics they don't even have to dig your soil up they inject a liner in your pipe with pressure guarantee 50 years also try rotorooter,com p.s i had this same exact problem sewage coming out under kitchen i ripped up the floor dug around the pipe then called my plumber to fix it cost me less than a thousand bucks
Joshua Dorkin
How is your local housing market doing?
15 January 2008 | 32 replies
While even these "star" markets will be working their way through a period of price adjustments or a lengthier listing period at least their core fundamentals are sound.Those home owners who are unable to pay their upwards adjusted mortgage payments and who have not been able to re-negotiate their loan terms with their Note holders will assuredly become "tomorrow's renters".It's already started in many areas... rental availabilities are rapidly shrinking = a strong potential for investors willing to build SFRS for rental or for "sale" under Lease with Option to Purchase contracts, 2-4 unit multi-family and new apartment complexes.In Myrtle Beach and parts of Charleston (SC) developers of recently completed condos are now replacing unresponded to FOR SALE signs with "Lease with Option to Buy" signs and are now actually seeing evidence that strategy is WORKING.Savvy real estate investors are targeting "spec" builders with unsold inventory that has become a "money drain" in terms of interest carry and are buying SFRs for 10% - 20% below actual cost to complete.
Willis Seng
How long till it's back up?
1 December 2007 | 23 replies
Greenspan sold us down the drain and Bernanke is following suit.
Tom Broughton
Pros/Cons of adding a disposal and diswasher to rentals?
16 October 2007 | 3 replies
I have been told that they are a pain in the *** because renters will clog the drain and I will get the 12 midnight call.
Nick Albin
Washer causes leak in other room in house
18 October 2007 | 1 reply
COuld it be a crack or something in the drain pipe ?
Daniel Etheridge
profit sharing
20 December 2007 | 2 replies
If you are not careful, you will get "brokered" to death and any money you do have drained by upfront fees.
Stephen Leblanc
another cash flow question
3 November 2007 | 13 replies
Legally most loan agreements say the bank can sweep or otherwise drain the cash down if there is a dispute concerning your loan.John Corey