Bryan L.
Tips for Newbies - Receipts
23 February 2014 | 9 replies
I have a man-bag that I keep my laptop in.
Ben G.
First blog post - what's wrong?
26 February 2014 | 10 replies
Some older browsers might have problems with the Java code we use.
PJ Pahygiannis
Thoughts on this property?
28 November 2014 | 18 replies
Also, are the tie-downs up to code?
Johnny G
Other Income or not?
18 March 2014 | 5 replies
Chapter 5 of the IRS code states -"Interest received on a loan is business income if you are in the business of lending money" However I never created my LLC with the intent to start a money lending business.
Shequann Burrwell
warzones
31 October 2013 | 20 replies
I live in the same area, the same zip code, as most of my tenants.
Paul Z.
TO MY REHABBERS WITH COLD WINTER CLIMATES!
2 November 2013 | 20 replies
Code compliance (exterior) inspection5.
Aaron Mazzrillo
Multifamily Due Diligence
29 January 2015 | 18 replies
:NOTE: Important to keep the date of when these items were receivedFINANCIALS (get from Property Management Company or the Seller):Annual Operating Statements (for past 2 years)Monthly Operating StatementsYear to Date Operating StatementRent Roll for the last 2 yearsLast 3 month's Bank Deposits by the sellerBudget ForecastExisting Loan Documents ** ask if will take AssumptionSecurity Deposit Account StatementUtility DepositsRequest Schedule E if questionable financials, certified by accountant.OPERATING INFORMATION **** Must sort by importance:Management ContractCopy of all Lease Types (all leases delivered at closing)Concessionary RentsLease Expiration ReportUtility Bills (for Water, Sewer, Gas, Electric, CATV, Ethernet, Phone) - for past 2 yearsProperty Tax Bills - for past 2 yearsService Contracts (all currently under contract: trash, exterminating pests, maintenance, laundry, pool, elevator)Advertising ContractsPayroll Register (employment contracts)Operating Manuals (phone, computer, fire system, etc.)Insurance: Policy (premium disclosure)Insurance: Claim History (for past 3 years)Insurance: Carrier Risk AssessmentMiscellaneous Agreement (Vending, Pay Phone, etc)Capital Improvements and Maintenance History (for past 3 years)Incomplete Maintenance Requests (for last 3 month's maintenance requests)Yellow Pages Listing ContractCredit Bureau ContractPet PolicyCommission AgreementsRent.com reviewLEGAL AND PHYSICAL INFORMATION:THIRD PARTY INFORMATIONAppraisalDeedTitle PolicyLast Sale Price/DateTax Assessment: Land/BuildingSurvey (Get the original)Architectural PlanSite PlanInventory of Personal PropertyTools/Supplies InventoryBusiness LicenseZoning CertificationBuilding Code Compliance Letter ** Tell bad news fast to your investors; don't hold off on thisCertificate of Occupancy ** Tell bad news fast to your investors; don't hold off on thisRental Ordinances ** Tell bad news fast to your investors; don't hold off on thisLitigation History ** Tell bad news fast to your investors; don't hold off on thisTenant Estoppels (Optional at Closing) ** Tell bad news fast to your investors; don't hold off on thisBuilding PermitsMARKET INFORMATIONMarket Survey (3 - 5 nearest competitors)Existing Competitive Supply SurveysEnvironment Surveys - Phase I/Phase II, if necessaryEngineering ReportFire System Inspection ReportsElevator Maintenance Report (if applicable)Boiler Inspection ReportHVAC Inspection ReportLead Paint - Inspection reports / tenant waivers / historyMold - Inspection reports / tenant waivers / historyFuture Competitive Supply ForecastPictures - Aerial / GroundArea MapApartment AssociationApartment Guide ListingCopies fo All ADvertising, Brochures, Floor PlansDemographic Reports: Housing, Income, Employment (3 radii - 1 mile, 3 miles, 5 miles distance)Traffic Study and/or Road Improvement PlansNeighborhood Survey: Shopping, Schools, EmployersCrime Report
Chris Coughlan
Commission Rebates
19 December 2013 | 7 replies
Notwithstanding IRS code dealing specifically with such rebates (check with your Real Estate proficient CPA), in Colorado, it's pretty straight-forward.
James Peoples
Probate ?
12 May 2015 | 22 replies
On a different note see if there are loans on the property & if this home in "grave condition" has code violations.
Brian Davis
3rd Bedroom or Dining Room?
26 November 2013 | 4 replies
Look at sales in the zip code or immediate area for the past 12 months and see how many homes sold with 2 BRs and how many had 3 or more.