Summer Chen
MTR starter seeking advice
11 May 2024 | 7 replies
I have quite some questions that need your help: For tenant screening, I plan to do the routine background (eviction, criminal) screening and credit check.
Gregory Greene
Best Cities to buy a multi family property in Arizona
12 May 2024 | 33 replies
Feel free to reach out if you have questions.
Jorge Abreu
🏢 Property Inspection Checklist ✔️
8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.
Dominic Richardson
Best Markets (City,State) for Rental Properties
11 May 2024 | 38 replies
Happy to connect and discuss further if you have any questions.
Michael Sand
Buying property "subject to" vs. Adding someone to the mortgage/deed
11 May 2024 | 8 replies
The house is particularly appealing to me due to the low mortgage rate that he got in 2020.My question is whether I should buy his property "subject to" or add myself to the mortgage/deed.
Alan L. Weeks
The Book on Rental Property Investing
13 May 2024 | 237 replies
Okay I also purchased on audible and would like to see the bonus material.I have a question as well, though.
Linda Fang
Pace Morby’s Subto program : standard package or executive packa?
11 May 2024 | 37 replies
Connect with people on here, be friendly and ask questions.
Scott Trench
40,000 Posts! (Almost) 60,000 Votes - Congrats Jay!
11 May 2024 | 9 replies
I swear every post I’ve seen is a measured and well considered response to the post in question.
Rakesh Rai
The new law requires a 15-day waiting period to obtain a Trust Deed.
10 May 2024 | 1 reply
Hello everyone, I have a question about the new law that prohibits obtaining a Trust Deed before 15 days.
Trent Reeve
Venting on ABB "host" staying at my place
11 May 2024 | 8 replies
I question guest about it and he says he didn't see it mentioned in the description.