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9 September 2020 | 7 replies
We plan to update the leases to clarify that stopped up toilets/ drains are the responsibility of the tenants.The restoration company was helpful in working with the insurance and repair folks as well.It a pain and a mess, but will be fixed with a lesson learned.
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7 September 2020 | 1 reply
On average the water bill for the whole park runs $500-600 a month, unless there is a leak such as a running toilet all month, it can peak at $1000.
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9 September 2020 | 2 replies
It comes with 90 year old asbestos tile roof, single pan windows, and out dated electrical.
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14 September 2020 | 6 replies
@John Prucha This is a really good play that panned out nicely.
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3 May 2022 | 7 replies
Thank you @Ryan Stanger, I was presented an opportunity to purchase in Murray, so I wanted to know, but it doesn't pan out at the moment.
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13 October 2020 | 10 replies
You have the ability to receive cash flow, forced appreciation and a tax sheltering asset without having to deal with tenants/toilets/managing property managers.
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9 September 2020 | 3 replies
Some of the small things I like to improve at turnover or purchase, mostly at little cost if you do the work yourself....Paint everywhere, new flooring if needed (LVP is great, but Home Depot free tear out and install of carpet is cheaper in the short term), new toilet seats and handle, new lighting in bathroom, new handles on all doors (I like brass nickel), new fixtures on sinks and showers, ceiling fans, change all outlet and light switch covers, cabinet hardware, replace appliances if needed, supply washer & dryer if appropriate, clean up and improve landscaping, new blinds, supply curtain rods so they don't destroy your drywall, paint the front door and or entryway.
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10 September 2020 | 12 replies
Thank you Hi Jason,Number one thing to do is make sure they have water to drink and some food to eat.Just put down a pan of water and some Purina until the Chicago No Kill Shelter people come to rescue them for re-homing.Cats need access to water 24/7 or they may die, and who knows when they ate last.A box of Purina is only a couple of dollars and an old bowl is free.Here are some links that you can use to help them find a new family that will care for them better (unless you want to keep them yourself).https://www.pawschicago.org/no-kill-mission/https://www.chicagopetrescue.org/no-kill-shelters-in-illinois.htmlGood Luck!
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11 September 2020 | 9 replies
In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.
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11 September 2020 | 4 replies
Made a few offers but nothing panning out yet.