
8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!

8 July 2024 | 20 replies
Yardi's Advanced Budgeting and Forecasting module is wonderful and tends to be more accurate because it builds its forecast on all of your historical data.

10 July 2024 | 2 replies
I am always looking to build my network.Best,James

10 July 2024 | 6 replies
If you go this route, be sure to start building a robust network so that you can always help flippers shop rates and trust you from deal to deal.

10 July 2024 | 1 reply
I have a commercial building that is short on parking.

10 July 2024 | 17 replies
I'm investing in accounting services with Ximplifi to do this as well as building out the reports I need to see daily.

8 July 2024 | 8 replies
This scenario I set (even though this property is really listed for this much), I factored in the investor not coming in with any money but instead using 4 PMLs.

9 July 2024 | 5 replies
.), but still.Given these factors, I'm questioning whether I should sell the property and look for better investment opportunities.

10 July 2024 | 2 replies
I love solving problems and building so this was just what I needed.

9 July 2024 | 10 replies
The city gave me 3 options: 1) return the unit to a garage, 2) get an architect or draftsman to draw up the building plans and then pull permits, or 3) get a structural engineer to "stamp" it and say that it's up to code.