Aaron Brown
Property Manager in Indianapolis
4 March 2024 | 31 replies
I got a really good vibe about his professionalism and although he did note that he is more on the expensive side, I think the services he provides and his reputation of being one of the best in the market warrant the premium.LIV Indy was also a great interview, although largely different than Harvey Property Management Group.
Justin Goodin
Full Breakdown: Operating Expenses
3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance.
Ashley Guerra
New investor: Rehabbing Questions
3 March 2024 | 2 replies
In this market, trying to extend them or be provided extra time may be difficult given this strong seller's market.Generally, yes it would be good if you have a "feel" or "inkling" of what it takes to repair/replace stuff.
Josiah Cottingham
New Investor Here Looking for Help to Get Started!
4 March 2024 | 14 replies
I can provide you with insights and advice on how to get started.
Rachel Chioreanu
What process do you follow to vet contractors?
3 March 2024 | 2 replies
Great question @Rachel ChioreanuA network of reliable vendors who provide quality work for a fair price is critical to our success as investors and managers.
Jake Faris
Converting multi-family STR/LTR to commercial motel/hotel - Pros and Cons
3 March 2024 | 9 replies
For insurance I bet you could still get away with residential STR insurance, but be sure to ask your provider before and if they say get a commercial policy you probably should.
Maryam Mostafa
Where to purchase section 8 properties in Deroit, MI?
1 March 2024 | 19 replies
how do i assess a house in terms of safety etc?
Brian Erlich
Have you had success with e-mail marketing?
2 March 2024 | 5 replies
I don't think the name of the game is to provide a discount with the email.
Jesse Leigh
How to find a Mentor? Out of state Multifamily Properties (Los Angeles)
3 March 2024 | 6 replies
You can also consult with lenders, brokers and ask them for suggestions on who might be a good real estate mentor and most will be able to provide one.
Charles Adams
LLC vs Personal Ownership?
1 March 2024 | 31 replies
Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.