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13 July 2024 | 13 replies
Cleveland has a low cost of living and wages are generally lower than other cities.
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8 July 2024 | 20 replies
I also include large sewer costs if piping material is clay or cast iron.
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13 July 2024 | 10 replies
Top of my head:1) it doesn’t matter what prices you put in your lease, you can only charge them actual costs, I wouldn’t bother. 2) You’re removing all incentive for the tenant to clean up and take care of the property.
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13 July 2024 | 5 replies
However, installation costs and procedures may vary, so it's worth getting quotes from both if you're not doing the work yourself.As a hard money lender specializing in fix and flip deals, I've seen successful investors use a mix of these sources to optimize their budgets while maintaining quality.
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14 July 2024 | 17 replies
You could just think of the parent Series LLC as the ASSET HOLDING COMPANY and the traditional LLC as the OPERATING COMPANY.It would require extra costs, since you are involving the formation and operation of an additional entity.
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14 July 2024 | 27 replies
Definitely not cheap, cost 750k 2 years ago but we’d be paying a lot monthly more if we just had a straight up 4/2 SF.
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9 July 2024 | 2 replies
They essentially want me to set everything up and pay the upfront costs, then they will transfer everything into their name and pay the ongoing fees throughout the lease.
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14 July 2024 | 6 replies
If the property can be sold, pursue a short sale for its current value whatever that may be after considering the cost to remedy these issues.
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13 July 2024 | 0 replies
LMHA is relocating residents from Dosker Manor due to mold, rodents, and crime.Dosker Manor will be torn down, and residents will be moved to other accommodations.LMHA surveyed residents; they need help with medical care, groceries, and financial management.Relocations will start in August, with around 600 residents moving over 18 months.The first 100 residents will move to LMHA-owned properties; the rest will go to low-income housing.LMHA is covering moving costs and offering reimbursements up to $1,300 for self-movers.
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14 July 2024 | 11 replies
If it’s a completely separate unit in a multifamily, typically tenants are responsible for utilities to streamline your costs as much as possible.