Charles Hyatt
Issues getting insurance on an old 2-family
15 February 2018 | 2 replies
Just replaced them this year when one of them had a gas valve shut off and would not turn back on.
Andrew Jambor
Marketing For Tenants In CT
15 February 2018 | 5 replies
@Tim Puffer, the units have been completely redone with granite countertops, hardwood floors, new windows, and we have recently converted from oil to natural gas heat.
Alex Joyce
Good plumber in Pittsburgh?
19 February 2018 | 2 replies
I am adding a second full bathroom, and also need old gas lines running through the house inspected/removed.
Michael Andrews
Reduced rent in exchange for lawn care
16 February 2018 | 10 replies
We provide the lawn mower and a shovel as well as reimburse for gas and salt.
Hannah Diment
Thoughts on Hundred Year Older Multi Units?
29 January 2018 | 18 replies
I would also make sure the gas lines water heaters and furnaces are all separate for each unit and they’re updated.
Christy Philippoff
How do you find deals?
14 January 2018 | 5 replies
I use this same approach with bankers, brokers, lenders, inspectors, mailmen, cashiers at the store, gas jockeys, the list just keeps going on.
Jason Tanker
Plumbing, fencing, fireplace recommendations
17 January 2018 | 18 replies
For gas fireplaces - I've checked into it 2 months ago, contacted 2 or 3 different shops and the quote is about the same, maybe $100-200 difference.
Eric H.
Rental property without stove/oven?
15 March 2018 | 12 replies
I have seen some leases that state, “we provide appliances AsIs, but if they break, repair is responsibility of tenant” I am ok with this, except not for gas stove.
Tyler French
First Multifamily- Am I being too conservative?
16 January 2018 | 13 replies
Tyler List Price $119,000 Down Payment $29,750 Repairs $500 Closing Costs $3,000 Total Cash Investment $33,250 Initial ScreeningGross Rent (4 Units)$1,872Expenses (50% rule)$936NOI$936Mortgage$491Cash Flow$445Cash ROI16.1% Expenses (Detailed) Vacancy (10%) $187 Property Taxes $307 Insurance $67 Gas/Electric $150 Water (per unit) $90 Sewer Service (per unit) $90 Maintenance & Repairs (5%) $94 Property Management (10%) $169 Lawn Care (7 months) $39 Tenant Placement Fee (per unit) $78 Annual Tuneup/Inspection $19 Lease Renewal Fee $16 TOTAL EXPENSES $1,305 Expenses % 70% NOI $567 MORTGAGE $491 CASH FLOW $76 Goal: $300 CASH ROI 2.7% Goal: $15%