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Results (5,369+)
Steven Gesis Apartment (multi family) ammenity ideas
14 April 2020 | 17 replies
@Steven Gesis this may be too out of the box, but solar panels, composting, expanding recycling centers.Depending on market, millennials are much more environmentally conscious.
Joshua Van Every To waive inspection or not?
14 March 2020 | 43 replies
You can make your inspection contingency languate much more palatable however, by phrasing it like this:Version 1 for new investors - Buyer agrees to limit their inspection repair requests to major electrical, plumbing, foundation, structural, and environmental issues.Version 2 for savvy investors - Buyer agrees to limit their inspection repair requests to catastrophic electrical, plumbing, foundation, structural, and environmental issues.Both versions give you leeway to define what is "major" or "catastrophic" so you always have an out, but it also shows the seller that you aren't going to tic-tack them with cosmetic repair requests.No realtor should EVER suggest you waive inspection, even if it were a good idea.
Keniti Pinkett Inherited Property - Cracked Siding: Asbestos vs. Wind Damage
11 April 2020 | 2 replies
Should I also inquire about authorized payment of an environmental/asbestos test to the exterior of the residence and ask if asbestos was disturbed and request a copy of the report, if a test was even conducted? 
Cole Bigbee Industrial/Metal Buildings-Who likes this market?
16 April 2020 | 13 replies
Industrial you have to heavily assess the type of business operating their and worst case scenario for environmental contamination.The larger national type tenants like Amazon most want custom new builds with high ceilings and tons of bell and whistles.
Syed Naqvi Checklist to buy a Multifamily building or an Apartment complex
27 June 2020 | 11 replies
Any balances due, tenants with late payments still dueIdentify any existing evictions in progressCertificate of Occupancy from the City of LA9a Property Report Natural Hazards Disclosure Statement Copies of all current insurance policies and insurance company contact infoLoss run from the insurance carrier (my insurance broker requires this from seller)Copies of ad valorem tax statements covering the Property for the last twelve (12) months, if anyCopies of electric bills for last 12 monthsCopies of gas bills for last 12 monthsCopies of water and sewer bill for the last 12 monthsCopies of trash bills for the last 12 monthsCopies of any vendor service contracts (common ones include landscaping, interior cleaning, laundry, fire alarm monitoring, and pest control) Copies of any environmental studies affecting the property, if any.A list of anything that will not convey with property (common items include laundry machines and appliances owned by seller)Copy of current management agreementCopies of all existing surveys of the Property, if any.Copies of all warranties for appliances, equipment, utilities, roof, paving, pool, etc., if any.Copies of the last three years’ profit and loss statementsList of all capital expenditures in the last 3 yearsDate of systems updates, if known (plumbing, electric, roof, HVAC) Preliminary Title ReportCopies of the most recent title insurance policies, if any.
Steffany Boldrini Buyer's closing costs in PA and Self storage inspectors?
21 March 2020 | 10 replies
Are you loan fees included in that amount...or perhaps 3rd party things like survey, environmental, etc....As for an inspector, you might see about finding a SS builder to do the inspection. 
Kevin Kolling Land survey in Philadelphia
19 April 2020 | 10 replies
My situation may be a little more complicated than a regular rehab because I am hoping to enlarge the width footprint of the back of the house toward an existing 3’ wide walkway/alley that provides rear access to the houses perpendicular to me on the cross street.    
Ethan Johnson Analyzing MHP Deal - Buy or Not?
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
Ryan Reynebeau First Inquiry on a Multifamily - Seller is experienced investor
17 March 2020 | 2 replies
Environmental audits and reports.6.
Jeffrey L Jerschina Newbie coming to San Antonio, TX! Army RN; former hitchhiker
22 January 2021 | 26 replies
@Payton Jeppesen Yeah, the PCS moves caught a lot of people in our footprint off guard as well!