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18 May 2016 | 1 reply
Properties construction vary so much that it is too variable even for a general rule.
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23 February 2016 | 7 replies
Lots of variables here.
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5 February 2014 | 4 replies
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2 March 2014 | 23 replies
You'll want to analyze unemployment trends, the industries in that market and how diverse the job pool is.After that, then take a look at cost of living, supply/demand, landlord friendly or not, and ability to get good team members.
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25 February 2014 | 9 replies
I am about to close on a flip property and I am trying to get all of the supplies in order before closing.
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29 January 2015 | 18 replies
:NOTE: Important to keep the date of when these items were receivedFINANCIALS (get from Property Management Company or the Seller):Annual Operating Statements (for past 2 years)Monthly Operating StatementsYear to Date Operating StatementRent Roll for the last 2 yearsLast 3 month's Bank Deposits by the sellerBudget ForecastExisting Loan Documents ** ask if will take AssumptionSecurity Deposit Account StatementUtility DepositsRequest Schedule E if questionable financials, certified by accountant.OPERATING INFORMATION **** Must sort by importance:Management ContractCopy of all Lease Types (all leases delivered at closing)Concessionary RentsLease Expiration ReportUtility Bills (for Water, Sewer, Gas, Electric, CATV, Ethernet, Phone) - for past 2 yearsProperty Tax Bills - for past 2 yearsService Contracts (all currently under contract: trash, exterminating pests, maintenance, laundry, pool, elevator)Advertising ContractsPayroll Register (employment contracts)Operating Manuals (phone, computer, fire system, etc.)Insurance: Policy (premium disclosure)Insurance: Claim History (for past 3 years)Insurance: Carrier Risk AssessmentMiscellaneous Agreement (Vending, Pay Phone, etc)Capital Improvements and Maintenance History (for past 3 years)Incomplete Maintenance Requests (for last 3 month's maintenance requests)Yellow Pages Listing ContractCredit Bureau ContractPet PolicyCommission AgreementsRent.com reviewLEGAL AND PHYSICAL INFORMATION:THIRD PARTY INFORMATIONAppraisalDeedTitle PolicyLast Sale Price/DateTax Assessment: Land/BuildingSurvey (Get the original)Architectural PlanSite PlanInventory of Personal PropertyTools/Supplies InventoryBusiness LicenseZoning CertificationBuilding Code Compliance Letter ** Tell bad news fast to your investors; don't hold off on thisCertificate of Occupancy ** Tell bad news fast to your investors; don't hold off on thisRental Ordinances ** Tell bad news fast to your investors; don't hold off on thisLitigation History ** Tell bad news fast to your investors; don't hold off on thisTenant Estoppels (Optional at Closing) ** Tell bad news fast to your investors; don't hold off on thisBuilding PermitsMARKET INFORMATIONMarket Survey (3 - 5 nearest competitors)Existing Competitive Supply SurveysEnvironment Surveys - Phase I/Phase II, if necessaryEngineering ReportFire System Inspection ReportsElevator Maintenance Report (if applicable)Boiler Inspection ReportHVAC Inspection ReportLead Paint - Inspection reports / tenant waivers / historyMold - Inspection reports / tenant waivers / historyFuture Competitive Supply ForecastPictures - Aerial / GroundArea MapApartment AssociationApartment Guide ListingCopies fo All ADvertising, Brochures, Floor PlansDemographic Reports: Housing, Income, Employment (3 radii - 1 mile, 3 miles, 5 miles distance)Traffic Study and/or Road Improvement PlansNeighborhood Survey: Shopping, Schools, EmployersCrime Report
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17 November 2013 | 11 replies
And the other issue is the power supply wiring for electric units. eg. the wiring is not heavy enough to replace a cooktop or wall oven (single wall oven anyway) with a conventional stove with oven.
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24 November 2013 | 6 replies
Inland Empire which Riverside is a part of is more susceptible to getting variable interest - residential performing better today, industrial hot today and always hot, while office is soft.
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9 December 2013 | 14 replies
Such as builders supply stores.
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25 February 2013 | 3 replies
I'm getting some grief from the local Housing Office due to their failure to understand complex real estate title holding strategies and the IRS TIN Matching program.1) The Housing Office wants to know who the owner of a property is by supplying a copy of the deed.2) They want to match the SSN/EIN of the owner for 1099 purposes using the IRS TIN matching service.Easy, right?