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Results (10,000+)
Matthew Paetz Basic question... I need suggestions
20 April 2010 | 4 replies
Does anyone have suggestions on where to get the best price for lock boxes?
Mark Updegraff BP profile information - full disclosure = competition?
28 April 2010 | 10 replies
Well, in that case, expand your market, think outside the box.
Scott R. instock cabinets
27 April 2010 | 10 replies
I bought 17 brand new cabinets for $1200 including toe kicks, fillers, lazy susans in boxes.
Nick J. Have a Question about Phoenix?
11 January 2011 | 15 replies
Since then, they expanded to a location in Chandler which I haven't been to yet but they also opened a place at 44thst & Thomas which was an old Jack in the Box but at least it was bigger than they're original location.
Scott R. Replacing Knob and Tube Wiring..
13 June 2010 | 11 replies
I have had the main panel upgraded, to a 200 amp service breaker box, and plan to run all the wires myself and have an electrician tie them into the box.
Michael G. How to manage the Property Manager
19 July 2014 | 52 replies
The level of management needed will depend on the age of the property and what type of repairs have been completed along the way.If you buy a property with deferred maintenance getting it turned around the first 6 months will take a ton of time.A manager should be compensated for the extra work in that case.A 10% fee simply will not cover or make worthwhile all the work involved.There will be eviction,court dates,trash outs,re-conditioning,advertising,tenant apps with criminal and credit check,ongoing repairs with tenants that are staying,etc.For all of you that want to manage other people's properties you need to check with your state's real estate commission.In many states including mine you will have to hold a license with a brokerage or be a broker.Some exceptions is if you are an employee of the company etc.I think often times investors have a high expectancy of PM work.Simply it's like owning a restaurant and having an 8 hr worker.To expect that worker to be just as excited and diligent about the business when they get nothing but a small check is a pipe dream.If I pay 100 for a steak then I demand service.If I go through the drive in at Taco Bell I expect the food to be correct and nothing else.Managing 100 properties yourself without help is the exception and not the rule.This is based on my experience dealing with apartment owners.One had about 210 units over 10 buildings all within a few miles of each other.Vintage stock and unit mix was all different ages.They ran it themselves BUT had a full time leasing manager,bookkeeper,and about 3 maintenance guys.There is no way without the help they could run them selves.I have seen basically one person locally could handle up to about a 20 to 30 unit by themselves.After that it becomes really difficult.Many investors buying in this range are not purchasing a new building.These are older buildings that need constant upkeep and have problems.Typically the mechanicals,plumbing,electrical all start failing at different intervals.I have a 20 unit and have a live in PM.It lets me focus on my real estate deals and I check in with them every 2 days or so to see how things are going.I don't want to do 10 hr work when I can make hundreds per hour selling real estate for my clients.If you want to invest out of state you could do triple net leases for mail box money.The CAP is about 7 to 8% where I am at right now.If you want higher returns then usually you have to take on more problems and risk.
Justin Case How do you stay organized?
12 May 2010 | 1 reply
I also keep a separate tool bag or box for each type of job.
Tom C Shared Driveway Issue
16 May 2010 | 13 replies
I need some out of the box ideas.
Eric Wang Breaker Box No Ground Bar
19 June 2009 | 7 replies
Adding a ground bar to the box and connecting it to the neutral may be possible, if there's space.
Nick J. Tweetdeck
12 August 2009 | 10 replies
When you select the Quick Reply button, yu'll see FORMATTING HELP on the right - next to the reply box.