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5 August 2015 | 1 reply
I recently moved into an apartment complex in Spartanburg, SC and I moved from out of state so I just showed up after doing most everything online and was given a website to go to so that I could get renters insurance, and they said if I got insurance through this website I would only have to pay about $100 for my deposit!!
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5 August 2015 | 11 replies
I'll say my gut would lead me to guess one of two things:-Its a very depressed area and this is a tax credit complex (or similar subsidy) where the rents are fixed at a % of Area Median Income (AMI) rather than open market rents-Its such a crappy area that you're only able to attract the lowest of the low income folks: not anyone with a voucher, but the folks on straight SSI (no SSDI) for a reasonable proportion of their income.
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6 August 2015 | 10 replies
I belong to a condo association with similar financial problems, only it is main line sewer replacement throughout the complex instead of roof repair (although they had a huge special assessment for new roofing and siding several years before we purchased).
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5 August 2015 | 5 replies
The data field "BPO" in the market place is a catch all for real property value.
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5 August 2015 | 9 replies
It's like the listing agents don't think outside realtors can handle the complexities or they want the double fee.
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5 August 2015 | 1 reply
Detailed monthly cash flow statements in spreadsheet form populated with actual dollar amounts (certainly ok to redact address, etc)Annual Property Operating Data in spreadsheet form populated with actual dollar amounts (again, certainly ok to redact address, etc)Unlike normal rental properties where the rent is consistent throughout the year, these rents swing wildly from peak season to off season, so I want to make sure I am modeling the cash flows correctly.Sincerely,- Rick
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15 August 2015 | 13 replies
I do my best to buy based upon the data + local knowledge.Rob
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10 August 2015 | 8 replies
Not every house in my urban/yuppie part of town has a garage but I think the fact I have one helps me compete with the new apartment/condo complexes popping up all around me.
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11 August 2015 | 5 replies
Do we have (state by state) benchmark utility cost data I can use to compare my bills to?
9 August 2015 | 13 replies
Common sense, along with my own research, would tell you that a hotel is a more profitable investment than an apartment complex.