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22 April 2024 | 28 replies
If the building ever gets a $25 summons ticket from Sanitation (it happened once) we then bill it to the tenants in equal share. (1/3 each for a 3 family) and send a sternly-worded email.Re: Legal obligations - I know of no "legal" obligations to curb the trash on behalf of the Tenants that would supercede what was specifically agreed to in the Lease.
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23 April 2024 | 30 replies
The point I am making is the decision the GP makes is circumstantial and very specific to the fact pattern of their particular deal and to tie back to my first post in this thread, who that decision maker really is is important.
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22 April 2024 | 14 replies
-Submarket - the specific area in the city will have a big influence.
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22 April 2024 | 22 replies
Happy to send you some Detroit specific resources if you'd like.
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22 April 2024 | 8 replies
I also looked at platforms like Mashvisor for finding and analyzing potential properties but would love to hear if anyone has experience with these or other tools.I would greatly appreciate any insights, experiences, or advice you can share, especially:Recommendations on specific cities or neighborhoods that meet these criteriaTips on managing properties remotelyThoughts on using platforms like Mashvisor for property analysisIf this idea would make sense to doThank you in advance for your help!
21 April 2024 | 5 replies
If you have a specific questions I'd be happy to help.
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21 April 2024 | 11 replies
Having a completely separate credit card just for this purpose, and even if you don't go for a specific software yet, since you are still on your first building, actually being diligent about tracking in a spreadsheet will set you up for success.
21 April 2024 | 1 reply
I haven't ran across this specific scenario just yet myself.
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22 April 2024 | 12 replies
There are a handful of state specific experts here on BP and maybe we can point you in the right direction.
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21 April 2024 | 11 replies
The issue is Detroit is a very block by block city so you’re going to want to narrow down your searches down literally to specific blocks within specific subdivisions and not just looking at zip code by zip code. so, while you can get answers of specific subdivisions that people may recommend, it’s best to make sure the specific block you are about to purchase the property on isn’t a rough one. that being said, happy to chat about Detroit real estate anytime !