26 January 2018 | 40 replies
If the deal is good enough, i would inherit the tenants and get rid of them one at a time. especially in this cold winter. let them pay the heating bill for another month..lol
20 May 2018 | 29 replies
The available options for warranties break down into things like:exterior main water line coverageexterior main sewer line coverageinterior plumbing line coverageHVAC (cooling system) coverageHVAC (heating system) coveragehot water heater coverageelectrical system coverageWe broke down two viable options:Option 1: Evaluate Risk/reward likelihood on each property as to whether we get individual coverage, total yearly cost of this is ~$2100/yr which comes to approximately ~2% of our gross rentsOption 2: Go with full coverage on every property we own, total yearly cost of this is ~$5100/yr, which comes to approximately 4.5% of our gross rents.We usually work off a 15% goal/assumption (of gross rents) that allows for costs tied to vacancy/maintenance/capEx items, which so far (been operating for 3-4 years) we have been significantly under that.
20 January 2018 | 6 replies
The house is empty but the heat is on.
21 January 2018 | 9 replies
If it's poorly insulated- the heat will melt the snow, then as the water will freeze to ice as it runs down to a lower, colder point on the roof.
23 January 2018 | 19 replies
The solar covers all the tenants' electricity (UNLESS the tenants start a grow op or try to get around gas heating costs by using space heaters.
29 January 2018 | 4 replies
It was significantly cheaper than waiting for it to fail and replacing it during the heating season.
23 January 2018 | 7 replies
If one boiler(owner pays), if multiple meters it is forced air (usually on the tenants), if none electric heat (usually tenants pay).
27 January 2018 | 21 replies
In a super-heated market, if & when you're willing to consider paying the premium, you need to look carefully at that NOI, because small tweaks there, mean small adjustments to value in a stable market, whereas sometimes small tweaks to the Market (AKA the Going Cap Rate ) can make or break you.
23 January 2018 | 3 replies
The current heating system is propane fired FHW and the system is junk - he'll have to replace it completely.That lead us to a discussion about which heating systems would be the most desirable.
24 January 2018 | 26 replies
Run Your heating bill would be over a grand a month .