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16 November 2021 | 1 reply
I have searched far and wide for a company that provides a simple to use submetering system for water, electric, and heat, unless you have a 50+ unit building.
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18 November 2021 | 3 replies
They are a family owned franchises so you get the best of both worlds.lots of power behind you, but the personal relationship of a small company.
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19 November 2021 | 2 replies
Separating electrical will be a different process and cost than separating heating where you might need to run separate natural gas lines and purchase individual furnaces.
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18 November 2021 | 3 replies
I recently purchased a new home that I need to do major work on (new plumbing, electric, HVAC, etc).
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19 November 2021 | 6 replies
It has 8 one-bedroom units, 24 two-bedroom units, and 8 three-bedroom units, all of which are separately metered for electric.
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19 November 2021 | 5 replies
Total rental income for year: 26,700 includes heat (oil) and lights.Insurance $1200, Maintenance approx $1500, Snow and grass $600, Heat $3600, Electric $3600,Taxes $2557.
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1 December 2021 | 22 replies
But cost involved would be permitting, foundation, rough plumbing, electrical, framing all the way to finish.
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19 November 2021 | 2 replies
Even in conservative Wyoming we pay 4%.Any time the government sees the opportunity to take money and increase their power, they will take it.
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20 November 2021 | 11 replies
A new law or mandate happens they don't just regurgitate what it is, they have to peal it apart, find out how it impacts anything and everything, how we are to be in compliance with it, what the work arounds are if any, and than they reach out and connect with the powers that be to get clarification.
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21 January 2022 | 7 replies
Here is a list of due diligence item I use on my MHP investments:Check zoning and permitting compliance (city zoning)Check local law compliance (with Sherriff and/or Police)Search City Council minutes for any adverse mentionsCheck with State Department of Public Health's Division of Community Environmental Protection (CEP) for compliance violationsCheck with property neighbors for any disputes or pending legal actions Water - Check with water provider for any open or recent issuesSewer - Check with Sewer provider for any open or recent issues or complaintsElectricity - Check with electricity provider for any open or recent issues Rent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 yearsGet last 2 years of Profit and Loss statementsGet last 2 years of Tax Returns for the LLC/Park12 months of Bank Statements for the LLC/ParkCurrent Accounts receivable statementsBuild proforma for next 5 years using rent roll and expensesGet owed taxes to City/County/Local govGet Insurance Quote of commercial liability insurance2 years of utility billsProperty Tax bills for last 2 years List of park owned home including copies of “rent to own” or sales contractsGet list of vendors and contract status for each vendorTalk with on-site property manager regarding issuesConduct Onsite Property Visit with property managerSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc.