Roman Balmakov
Should I Buy a Cashflowing Multi-Family That has Permit Issues?
17 January 2025 | 7 replies
I would be more hesitant if they were added on (new plumbing and electrical) vs just upgrades to existing.
Chris Garnes
Please help - advice needed to complete two flip properties.
2 January 2025 | 2 replies
Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.
Laura Kreinbring
Which form or notice should I use to end lease with tenant
25 January 2025 | 7 replies
There were lease violations disrespecting the other neighbor's leased space and harassing the other neighbor and they smoked in the property against lease, lied about conversations, has made up stories about plumbing issues that plumbers couldn't find causes to, tried to get a dehumidifier and force me to pay, accused me on two different occasions very agressively in regards to the heat/electric service.
Scott Zeiger
Appliances
17 December 2024 | 29 replies
To guard against neglectful tenants, the leases do say that repairs to the refrigerator, washer and dryer will be made at the discretion of the landlord.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
21 January 2025 | 4 replies
Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.
Craig Parsons
Hot mess with a renter/squater how to get hew out ASAP
8 January 2025 | 20 replies
There has never been any sort of lease signed nor has she ever paid anything more than a few electric bills which are next to nothing since he has solar.
Bart Tilly
Experience With Construction Agreements?
7 January 2025 | 3 replies
Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer).
Ashley Shearer
Property Mgmt - First Right of Refusal Program for Maintenance?
17 January 2025 | 3 replies
We've seen cases for example where clients want to send their brother or cousin to do electrical work that they aren't licensed for.What I don't think would work is to have a ticket come in, and then reach out to a client so they can shop around for plumbers.
NA Lewis
Our First Property in Canada
3 January 2025 | 1 reply
Purchase price: $630,000 Cash invested: $120,000 Completely gutted this property, brand new electrical, furnace, propane, finished basement to create separate unit.New garage with rental unit.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
I carried double the cost on Gas and Electricity to be safe. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00