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5 June 2023 | 7 replies
Repairs seem to be cosmetic only, paint, carpet, counters, etc.Rent is estimated at 1900/month once its updated and there is an HOA of 480 a month which includes trash, water, sewage, landscape, amenities and cable.
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7 March 2023 | 8 replies
Long/mid-term rents: You can just do the basics; flooring, paint, basic landscaping.2.
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30 May 2023 | 0 replies
NEW kitchen with NEW white Shaker cabinets AND quartz countertops, NEW wood laminate flooring, UPDATED bathrooms with NEW matching white Shaker cabinets, NEW plumbing, NEW bathtub, shower and tiled floors, All NEW drywall, NEW electrical panel, NEW electrical wiring, NEW siding, NEW windows, NEW roof, FRESH landscaping front side and back. ...
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12 March 2023 | 40 replies
Painting with an admittedly broad brush, but for a lot of years all GPs had to do to find success was buy an asset in a good location at a not terrible price, do some landscaping, put in a new sign, rehab some units, throw in a playground, and they could get to 85-90% occupancy.
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24 February 2022 | 4 replies
Two units: 3/2 in the back of duplex, 2/1 in the front of the duplex w/ a fenced yard, concrete parking lot for 4 cars, some landscaping.
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6 December 2019 | 3 replies
@Kellie Ellsworth, while it may be tempting and seemingly easier to let a tenant handle maintenance work around your rental, we find it to be a bad business practice.The only exception: in single-family homes, our lease states the tenant is responsible for their own landscaping and snow removal, so it's all on them.
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30 December 2012 | 4 replies
Probably newer than 1990, but the newer the better.4.Decent lot size (>.10 acre; preferably .15 to .25)/basic landscaping.5.Suburban feel.
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1 June 2023 | 3 replies
I want to make a decision by June2023 which is less than a week awayYear of Home Purchase 2002Year of Home Mortgage Payoff 2032Mortgage Payoff Amount ~$54K (Slightly under)Unit 2 BR / 2 Bath + Balcony (1050 sq feet)Building Complex 5th Floor of a 6 Story Condo (Part of a 2 Building complex)Note: Refinanced to a better rate when 20 yrs was left on mortgage to a 20 yr loan (rate of 3.875%)Financical Stats:Costs While I Live in Condo Mortgage (PITI): $933.00 + HOA: $1,256.00 = $2,189.00PITI (Principal/Interest/Taxes/Insurance) per monthNote: Mortgage is inclusive of PITI (Principal / Interest / Taxes / Insurnace)Note: HOA Covers Building Insurance, Super/Porters; Garbage/Snow Removal/Landscaping/Cleaning of Interior & Hallways; Covers Water Usage & Home Heating/Cooking (per month) Costs If I Rent Condo (Includes expenses above plus these additional ones)Condo Costs: $2,189.00 + Condo Sublet Fee: $250.00 + Vacancy: $183.00 + Renters Insurance: $10 = $2,632.00Note: The Condo requires a $250 sublet fee if I rent out my unit; They do this to discourage rentals and keep units mostly owner occupiedNote: Vacancy per month equals the monthly cost (1/12) of 1 months rentDecision - Keeping Condo & Rent ItProsThrough Rental, tenant will pay off my mortgage over time (10 years remain)In 5 years when the mortgage is down to half amount for example, I will prob have the flexibility to just pay the remainder outright and have a unit free and clearConsThe maintenance costs are a bit crazy to me but not necessarily out of the norm; There is an assessment that has just been levied for some major repairs and a 10 year loan has been taken out to do the repairs and minimize the per unit owner cost to a manageable size; That assessment is increasing maintenance to $1,256 p/month.
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26 March 2016 | 23 replies
I am looking at some but and holds and are not sure what to put in for landscaping, r/m and cap ex.