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4 February 2010 | 6 replies
Avoid anyone that doesn't get you a bid when they say they will or submits a bid that consists of a few sentences on a Word doc.
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26 January 2022 | 24 replies
Further, the Fannie definition of a 2-4 unit property is "A property that consists of a structure that provides living space (dwelling units) for two to four families."
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4 December 2020 | 10 replies
A 3/2 in the area you mention should rent in the $900-$950 range.The turnkey provider should deliver to you a full renovated maintenance free property cash flowing from day one under property management.
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30 March 2018 | 10 replies
Hi Rigo,If you are unsure what materials you are going to be using you can have the contractor exclude the 'finish materials' (tile, paint, plumbing fixtures, light fixtures) and include just the 'rough materials' (studs, drywall, wiring, piping, etc.) and installation of the 'finish materials'.In this scenario, you will be responsible for purchasing and delivering all of the materials for the project, so it's added responsibility for you, but it will give you an opportunity to figure out what materials you are using on the project.I have a Scope of Work example in my file place which will show you the level of detail & verbiage you need to include in your SOW:https://www.biggerpockets.com/files/user/drobertson/file/sample-contractors-scope-of-work-documents
18 January 2018 | 21 replies
My only complaint is you do not get quite the consistency of 'cleanliness' every time because different people may be cleaning it from one day to the next, but my guests are happy with the conditions each check in and I simply go straight to the owner for any coaching or complaints that might come thru.
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28 November 2022 | 29 replies
They are complex products and need to be understood fully as it is a long term game: you need to stay consistent and committed for a number of years.
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2 May 2022 | 19 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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30 December 2022 | 16 replies
@Mary CiccarelliNonetheless looking good condition shape or shaped up a little repaired of may my lucky or not if that in your complete shape for sell or lease even render is if customers rent stays as long enough so possible that down above house shape maybe custom care or not consistent move out unknown so makes my possible card of or what condition of.
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23 March 2022 | 1 reply
Constructed in 1929, the property is currently vacant and consists of a four-story multifamily building on 0.22 acres of land.
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15 April 2022 | 13 replies
Have them delivered to site, and have a handyman/plumber ready to go along with a helper.