13 November 2019 | 1 reply
At that time the landlord turned the electricity back on and told us to call PG&E to get hot water and gas.
12 November 2019 | 0 replies
Separating the heat...already separate gas and electric meters.
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29 November 2019 | 11 replies
Make sure you understand your utility (electric/gas/water/sewer) and trash/lawn/snow expenses.
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12 November 2019 | 0 replies
Brought gas line and split all utilities What was the outcome?
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24 November 2019 | 20 replies
This would be my first multifamily dealDetails of the property below;Number of Buildings: 11 buildings, plus 5 empty lots (potentially build more units in the future)Number of Units: 22 unitsAgreed Purchase Price: $132,000 CASHRepair Cost: $120,000 - $140,000 (**contractor priced repairs of each unit at $10,000-$11,000 per building - includes labor and materials**)Current Rent per Unit: $350/unitGross Scheduled Monthly Rent: $7,700Gross Scheduled Yearly Rental Income: $92,400Current Vacancy: 87% (Only 3 of the 22 units currently occupied)After RepairsRent per Unit: $425 - $450Gross Scheduled Rent Income: $112,200Operating Expenses: $33,660 (garbage $2,000/year, electrical cost $200/year, water and gas on individual meters)Net Operating Income: $78,540Cap Rate: 9%**part of the repairs would be to convert all units from gas to all electric.
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14 November 2019 | 5 replies
The seller agreed to keep the electricity on but he won't turn back on gas & water.
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27 November 2019 | 4 replies
The seller agreed to keep the electricity on but he won't turn back on gas & water.
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13 November 2019 | 0 replies
I got an electrical corded leaf vacuum mulcher as they seem to offer the most power for the cheapest price - however, gas-powered versions are more powerful and have unlimited reach if you can spring for it.Next, measure height to top of your gutters (first story, second story.
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19 November 2019 | 8 replies
Tenant is responsible for all water, gas, etc so the monthly expenses are low.
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17 December 2019 | 2 replies
I highly recommend staying up to date on oil and gas industry trends as this is the biggest indicator of local economy health.