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22 July 2015 | 9 replies
Usually they'll say new carpet completely remodeled, they will have updates, new kitchens etc. figure out who owns those properties.
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23 July 2016 | 11 replies
He has a partially finished basement (possibility for kitchen) that has a 1 bedroom, living room and brand new bath that he doesn't utilize towards his other rental unit.
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8 December 2015 | 10 replies
We took some money out of our 401k remodeled the kitchen (gut job), resurfaced the hard wood floors, and painted all the rooms.
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4 November 2015 | 3 replies
The house had a functioning kitchen, etc, before the tenant threw them out.
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15 November 2015 | 10 replies
The house is a 1920s house on a corner lot but hasn't had big improvements (outside of a minor reno on the kitchen) - there's no central AC, for example.
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16 August 2017 | 19 replies
I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?
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21 August 2017 | 21 replies
Monthly expensesTaxes 445Insurance 102Mortgage: 1650PMI: 243Repairs: 300Vacancy 150Expected rent 1600 per unit minimum, 1700 is more likelyPurchase price 375,000Downpayment 5%Renovation costs 15000 (new floors/cabinets/appliances in Unit B kitchen)Both furnaces are 17 years old1st water heater-3 years 2nd water heater 7yearsRoof:12 years1st AC condenser 4 years 2nd AC condenser 12 yearsWould appreciate peoples input, I will be living in unit B (House Hacking) First investment in Atlanta.
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16 August 2017 | 6 replies
Also, if this sliding glass door was off the kitchen, it may point to excessive moisture build up from cooking, especially if they weren't using the range hood fan.Make sure the unit has adequate ventilation and the range hood fan and bathroom fan both duct to the outside.
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5 September 2017 | 6 replies
I just installed that in a kitchen and bath.
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30 August 2017 | 11 replies
I am not going to remodel a kitchen or bath because they ask or refinish hardwood floors to be a nice guy but if something reasonable is requested, I want it done quickly and professionally.