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25 August 2024 | 57 replies
Is that fraud- no. its like someone wanted to charge me $1000 to install a dishwasher.
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21 August 2024 | 9 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).
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18 August 2024 | 11 replies
That's a $30 DIY repair.
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22 August 2024 | 9 replies
There are many others out there who would love to rent your empty unit.Also, I agree with others, install a washer/dryer if it's standard for the area.
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18 August 2024 | 28 replies
It has worked so well I installed another one this year and plan to install one every year in the remaining units.
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22 August 2024 | 29 replies
I recommend installing automation as one differentiator fromother properties.The furnishings must be durable and attractive to tenants.Quality photos and a property-specific website that provides extensivedetail about the property, the area, fun things to do, etc.Flexible lease terms.
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21 August 2024 | 2 replies
you can do nothing or spend tens of thousands of dollards installing sound isolators.
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20 August 2024 | 19 replies
When the center was first purchased there should have been a 3rd party roof company inspect the roof that did not put it on so they could give honest opinion if installed properly.If contractor incorrectly installed the roof with the warranty then that could void the manufacturers warranty.
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21 August 2024 | 17 replies
As someone who is a former dedicated diy person and who once swore that everything can be found for free on bigger pockets or by reading books I am literally forever changed.
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20 August 2024 | 0 replies
Rechecking orders, our window company miscounted the windows and forgot one, so we had a delay in the last window install, by 3-4 weeks.