Kurtis Sargent
First time remodeling project - Learned a lot
27 December 2024 | 0 replies
Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Brian Schamp
Post Hurricane Challenges
13 January 2025 | 2 replies
That one is a big deal for rebuilding.I've also heard of property tax reductions for properties significantly damaged during the storm.Depending on the property and what you want to do, the hurricanes affected property tax, insurance, and permitting in a lot of ways.
Isadore Nelson
Help Non-Paying Tenant Transition Into Section 8 Eligibility?
3 January 2025 | 14 replies
The Landlord will verify that the rental is empty of all personal belongings and trash and that there is no damage beyond ordinary wear and tear.
Kurtis Sargent
First time remodeling project - Learned a lot
28 December 2024 | 1 reply
Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Khaled El Dorry
Selling a portfolio
31 December 2024 | 6 replies
Quote from @Khaled El Dorry: I have a portfolio of 3 SFH's (2 in Jax and 1 in ocala) and 1 duplex in port charlotte (never flooded or damaged due to hurricanes) that have done very well for me.
Bruce Woodruff
Thoughts on the California fire repercussions
14 January 2025 | 16 replies
b) How do they (Cali Govt) deal with the damage, both in terms of who gets the blame and also where do they get the money?
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
13 January 2025 | 9 replies
As a would be individual landlord with just a one unit single family property I don’t know I can stomach the risk or withstand a financial assault resulting from an eviction process for a non-paying tenant (or tenants that do extensive damage).I am seriously considering bowing out and selling.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Late payments, property damage, and evictions are avoidable when you have a PM who knows how to find reliable renters.I encourage you to seek out a property management company that emphasizes tenant screening and uses modern tools for verification.
Karma Abdula
My First Flip: Fixer-Upper Tested My Sanity (and My Wallet)
31 December 2024 | 0 replies
After months of blood, sweat, and bargaining with contractors who seemed to vanish into thin air, I finally flipped it for $180,000.
Eric Helena
1031 exchange with relative
31 December 2024 | 2 replies
But if you were to use it as an air bnb or ir it is raw land that you can generate income from by farming or renting out to farmers or grazing that would certainly work.