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28 February 2024 | 24 replies
We had a new build that required a fire suppression system.Every year the fire marshal comes out to inspect the system and fire extinguishers.Last year they told us to put up a street number sign because the original was too obscure to see for the firetrucks.Everyone involved was super nice and easy to work with.Maybe the county is just going through growing pains and trying to figure it out.
26 February 2024 | 18 replies
The turnkey company did their job.
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28 February 2024 | 10 replies
Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).
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26 February 2024 | 16 replies
Great Job!
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28 February 2024 | 15 replies
For example, you find a space with good floors (LVP, tile, pretty good carpet - can be cleaned), but needs a paint job and some granite/new counters.
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28 February 2024 | 4 replies
Clean up, paint, make it look nice, organize etc.put a salaried manager.Empty shelves.
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26 February 2024 | 7 replies
I spoke with my attorney for eviction. but my brother who use to work debt and bill collection told me if this tenant is on social security and works under the table at a job I can't garnish his wages because disability and social security are protected which I find ridiculous since he has been living for free guess these deadbeats know the system so well to get away with things.
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28 February 2024 | 21 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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28 February 2024 | 15 replies
That is one of the tensions of a BRRRR that is overlooked - the better the job you do on the rehab, the less cash flow you get.So just something to consider - IF you sold your condo, you're not exchanging it for cash flow.
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27 February 2024 | 9 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.