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5 July 2021 | 3 replies
However, Is it within my right to renegotiate some aspect of the orginially agreed upon terms?
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7 July 2021 | 9 replies
The house is in good repair (this is my first rental property) and I take care of issues promptly like the washer that broke, I bought a new one, I changed the toilet when it stopped working, I paid a roofer to put a new roof on, I paid a mason to repair the front entrance stairs.
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17 July 2021 | 12 replies
I have a small portfolio out in Kansas city, and the things I've always inspected are the: HVAC, Roof, Foundation, Sewer via sewer scope, and Electricals.
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27 September 2021 | 6 replies
I have 2 two story properties adjacent to each other that are currently vacant and uninhabitable, the roof is collapsing and the wooden beams are rotting etc.
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6 July 2021 | 6 replies
Don't bother with an eviction notice to recoup rents, it'll be months before you get a court date.If the tenant won't cooperate, that tells you how much they value a roof over their head.
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8 July 2021 | 9 replies
.#3 Contact Local Contractors for Labor PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.
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5 July 2021 | 0 replies
I was tired of learning and trying to cover all aspects of how things can go wrong.
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6 July 2021 | 6 replies
They forget long-term maintenance like hot water heaters, plumbing and roofs.
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6 July 2021 | 2 replies
Now we have a situation where we need to build a huge amount of new units just to keep up with demand - we simply have more people than roofs - and so the cost of existing homes has to creep up closer to the cost of new construction plus land.
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6 July 2021 | 4 replies
Here's some basic info on the property:Asking price: $350kCurrent Gross Rent: $2600Landlord pays sewer/water at $150/month and trash at $64/month.Current owner flipped it 2 years ago so it has a brand new roof and windows, plus new appliances, granite counters, plumbing fixtures, etc.