Jonathan Bolano
Property Management - Starting Questions
30 March 2018 | 10 replies
Some owners will want to know about every maintenance item that comes up as it does, some are OK with seeing it on monthly reports, some owners, typically long-term clients, trust your judgment and may only ask for details about this or that if the item is unexpected or unusual.- Yes- Quarterly would be slow; most PMs send these each month.- How you pay PM fees and structure, you have some discretion over.
Matt Berklacy
how do you as an out of state buyer verify repairs during DD
10 April 2018 | 6 replies
Now I typically will go to the property and give an estimate, take photos and create a scope of work in the first 3 days, then we revise it when the inspection report comes back, and then we bring in the contractors.
John Bucknum
multifamily college town deal analysis
21 March 2018 | 0 replies
owner has not rented it out this semester due to do some rehab, actually did most of the bathrooms and they are in good shape, carpet is awful, needs paint, kitchen cabinets and better lighting. lower level apt needs gutted due to toilet leaking from above. here are the numbers:purchase price 330krents last semester avg=333/month, did not rent over summer, "I let them just leave their stuff til the next semester", my friend was seeing RED after this statement...expensesrents (if occupied at 333)=3663/monthtaxes 2200garbage =100 (actual quote from WM)water and sewage 525electrical=passed through to tenantPM=started looking, but quotes at 8-10%insurance= 300 (est.)planning on ripping carpet out and going with vinyl hardwood throughout, new cabinets in kitchen and paint, fix lighting and general clean up. plan to get rents up to 500-550 month, lease term 1 year. interviewed PM and he said they take one month's rent for placing a tenant, is this typical?
Brian Pulaski
Different flooring Types Opinions.
22 March 2018 | 4 replies
Typical 3/1 set up, beds and baths down a hallway, kitchen/living/dining as you would expect.
Michael Spence
The process of a HELOC
10 September 2019 | 39 replies
Basically, rinse and repeat this model and leave may be 10-15% of money in the deal instead of typical 25% down for investment properties.
EJ Hyman
Facebook Ads and Google Analytics
17 April 2018 | 8 replies
Expect typical cost per website visitor (CPLC) to be $1-4.
Alex Gorges
Opinions on Investing in Grenville area
21 March 2018 | 1 reply
To my knowledge typical duplex rentals go in this area between 550-650 a month .
Matt Morand
Tenant Turn Over Cost Rules of Thumb
22 March 2018 | 19 replies
PM lease up fees vary but typically 1/2- 1 month rent is what I’ve seen.
Terrence Williams
Apartment Building Financing Do's & Don'ts
23 March 2018 | 8 replies
You don't have to purchase the deal, but have something that looks like a typical deal you will be looking at.
Lavette Pittman
Business lines of credit funding
16 April 2018 | 3 replies
Also, they don't get as excited about REI loans, as they are more typically looking to help the Small Business Owner get off the ground (e.g. a Donut Shop, or Lavette's Account,...) at least that's what their rep told me.As for that as for that being a REI strategy, it's viable as long as your numbers are solid and you can profitably repay the loans.