Elijah Vo
What happens if your property burns down?!
30 June 2022 | 0 replies
Additionally, the fire activated the sprinklers and substantially damaged two more units downstairs (pictured below).Luckily, the fire department arrived onsite under 5mins and extinguished the fire, so hats off to the real heroes who mitigated the damage and saved lives!
Tiara Jackson
Section 8 Tenant Screening Question
11 July 2022 | 7 replies
In the past, the Department of HUD targeted S8 rents to be at the lower end of a rental market.
Justin Megna
How can I learn renovation costs?
1 July 2022 | 12 replies
Bidding on work is a cost of doing business and is generally a "sales/business development expense" for a contractor.With that said, I also understand that the average residential GC doesn't have a dedicated estimating department so bidding on work can be very time consuming and a big waste of time if you are dealing with tire kickers.
Patrick Flanagan
How to make your tax accountants job easy!(ier)
13 July 2022 | 6 replies
For myself it will depend heavily on the sophistication of the client - I have a number that I would never bother asking them for various statements to tie out to their financials or supporting statements for standard accruals since they have a full accounting department responsible for their financials and reconciling their accounts.
Nathan Faselt
In person rental showings a thing of the past or still valuable?
25 July 2022 | 16 replies
It seems like even though the people that tour seem great they will not all pass our underwriting department.
Andrew C.
What are the rules around self-managing?
16 July 2022 | 6 replies
You personally go and do a plumbing or electrical job on somebody else's house and get paid --- you know (I think) that that requires having a license...Enforcement would be the appropriate local municipality and/or State department (there are different names for them...).
Eric Grunfeld
Seeking a Website(s) to check on Neighborhood Crime
20 July 2022 | 7 replies
@Eric GrunfeldSome cities make crime data publicly-available via websites that the police department maintains and updates.
Ika Sargeant
Windows not functional
15 July 2022 | 5 replies
Best they can do is contact the fire department and see if it is illegal due to a safety issue or look up their local laws.
Will Butler
Commercial Real Estate Proptech Idea - Thoughts?
18 July 2022 | 4 replies
Some of the benefits of the software are listed below:[1] Quickly search for and narrow down relevant deals by any combination of filters: geographical location on a map, deal size, broker, square feet, property type, etc…[2] Pull relevant information from past deals and deals currently on the market - Return metrics, property details, deal documents, etc...[3] Compile all ancillary deal documents and relevant data into one location in the cloud - accessible across all departments in a company.[4] Outsource your data entry into the system (OMs, Investment Memos, Appraisals) that saves your internal resources - $10 – 20 / OM (or other deal doc.).[5] Pipeline tracking: Track deals as they progress through “Marketing Phase, “Underwriting”, “Closing”, “Hold” and “Dead”.There’s a huge demand for market / property data - CRE firms pay $10 – 20k / user / year for a company I won’t name with monopoly in the industry :).
Lee Sillemon III
License realtor wholesaling properties
15 July 2022 | 4 replies
Once you become a licensed agent all of your real estate activities fall under the supervision of your broker and the oversite of your state real estate commission/department of licensure.