Brant Schumaker
COVID-19: Answering questions as an epidemiologist
17 April 2020 | 22 replies
The ones that are open have taken major steps to protect customers and employees.The governor refuses to do a full state shut down, which would include mandating any non-essential businesses to close.
Parth Patel
Buying a Property with Big Tree near side wall? Problem? Do able?
19 March 2020 | 10 replies
Yea was thinking the same L&I or permits might have to be pulled to cut down the tree.
Darnell Folk
COVID-19 & Hard Money
4 May 2020 | 19 replies
One big concern I see is permits being put on hold and it messing up rehabs that need permits to be done properly.
Jay Hinrichs
Cool Drone shot of our first phase of 30 lots in Canby Oregon
20 April 2020 | 15 replies
We have custom plans with in law quarters and one plan for RV garage ( couple of or folks on the waiting list asked for those)..
Shain Ismailovski
To Lawyer or Not to Lawyer? Illegal Apartment
18 March 2020 | 4 replies
Probably too late at this point regardless, but there will likely be building code issues brought up (fire exits, clearance heights, non-permitted improvements).
Ethan Johnson
Analyzing MHP Deal - Buy or Not?
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent 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 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
Account Closed
PM refusing to show rental due to Corona Virus/COVID-19
26 March 2020 | 54 replies
These are real people who have to make their own decisions regarding their safety and that of their customers.
Ryan Reynebeau
First Inquiry on a Multifamily - Seller is experienced investor
17 March 2020 | 2 replies
All property licenses and permits.18.
Mashika Johnson
Did you hire an attorney?
22 March 2020 | 17 replies
Sometimes the TREC form gives sellers the most confidence, othertimes a shorter, easier to explain custom contract does the job.
Mike Weiskopf
Advise on bathtub surround for rental unit
18 March 2020 | 5 replies
Does anyone recommend gluing a custom tub surround to the existing tile walls?