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30 September 2019 | 15 replies
I think the best approach is too find a landscaper who also plows.
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4 October 2019 | 28 replies
The landscaping, exterior of the building, and the cleaning inside is an ongoing process and concern.
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7 October 2019 | 32 replies
For my llc I plan on making another capital contribution to fund business expansions or open up a separate LLC.Need to research irrevocable trusts
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20 September 2019 | 1 reply
REHAB BUDGET and SCOPE OF WORK : $90K ( built into loan) $30K for each Gutted unit$5K per existing unit x6 = $30K TOTAL Spend was $100K $4500 for Foundation issues, landscaping, etc 2 gutted units: new electric- 200 amp upgrade Blown insulation for attic ( r38)new sub floorNew insulation throughout New sheet rock ( 5/8 fire wall for exterior living room walls, kitchen and in stair well) New 6 panel doors throughout with all new satin nickel hardware New 6 panel Steel Front and Rear Entry Doors New plumbingNew HVAC system( all electric got rid of gas) New ThermostatNew lights New Hot water heater New kitchen layout ( removed half wall to open up to living room, built alcove for fridge to increase floor plan) New white shaker cabinets with hardware, countertops , fridge, stove, range hoodNew LVP throughout New Carpet in bedroomsNew bathrooms ( vanity, tub, enamel over steel tubs, tiled surround, vent fans, vanity lights, faucets, low flow toilets, shower heads, and actuators) Added 1 new window in each kitchenOther units: ( completed in 409 B and 407 D ) other units will be rehabbed once tenants move out New LVP in LR, BR, Kitchen and hallwayNew Carpet in BedroomsNew six panel doors/ hardwareGlazed existing tub/tileNew shower hardware Low flow water options ( toilets, shower heads, actuators throughout) New water heaters ( 407 D) Replaced AC 409 A ( it was 28 years old) New Fridge 409ANew Fridge 407CNew Stove 407 A Painted stairwells ( versatile grey) had attractive/durable commercial grade carpet installed on stairsInstalled new lights in stair well and motion sensors in 409 Installed Motion Sensor Flood lights on all the cornersInstalled Video Cameras on problem areasHad Duke Energy replace old lights with brighter LED on two poles Installed keypad entrance for both exterior stairwell entrances Cleaned/ repaired other AC units Fixed any issues with plumbing as neededFixed any issues with existing water heaters Installed new black shutters on both building Implemented quarterly Pest Protection Installed raised landscaped beds for 407 ( parking lot facing) Installed new Numbers for both buildingsPainted all exterior doors black installed new hardwarePainted central mailbox black We are still actively repositioning this property and will have another two tenants moving out end of this month ( September) but the property has generated enough profit from the other units at the increased rental rate that the business will be paying for these upcoming turns.
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20 September 2019 | 0 replies
REHAB BUDGET and SCOPE OF WORK : $90K ( built into loan) $30K for each Gutted unit$5K per existing unit x6 = $30K TOTAL Spend was $100K $4500 for Foundation issues, landscaping, etc 2 gutted units: new electric- 200 amp upgrade Blown insulation for attic ( r38)new sub floorNew insulation throughout New sheet rock ( 5/8 fire wall for exterior living room walls, kitchen and in stair well) New 6 panel doors throughout with all new satin nickel hardware New 6 panel Steel Front and Rear Entry Doors New plumbingNew HVAC system( all electric got rid of gas) New ThermostatNew lights New Hot water heater New kitchen layout ( removed half wall to open up to living room, built alcove for fridge to increase floor plan) New white shaker cabinets with hardware, countertops , fridge, stove, range hoodNew LVP throughout New Carpet in bedroomsNew bathrooms ( vanity, tub, enamel over steel tubs, tiled surround, vent fans, vanity lights, faucets, low flow toilets, shower heads, and actuators) Added 1 new window in each kitchenOther units: ( completed in 409 B and 407 D ) other units will be rehabbed once tenants move out New LVP in LR, BR, Kitchen and hallwayNew Carpet in BedroomsNew six panel doors/ hardwareGlazed existing tub/tileNew shower hardware Low flow water options ( toilets, shower heads, actuators throughout) New water heaters ( 407 D) Replaced AC 409 A ( it was 28 years old) New Fridge 409ANew Fridge 407CNew Stove 407 A Painted stairwells ( versatile grey) had attractive/durable commercial grade carpet installed on stairsInstalled new lights in stair well and motion sensors in 409 Installed Motion Sensor Flood lights on all the cornersInstalled Video Cameras on problem areasHad Duke Energy replace old lights with brighter LED on two poles Installed keypad entrance for both exterior stairwell entrances Cleaned/ repaired other AC units Fixed any issues with plumbing as neededFixed any issues with existing water heaters Installed new black shutters on both building Implemented quarterly Pest Protection Installed raised landscaped beds for 407 ( parking lot facing) Installed new Numbers for both buildingsPainted all exterior doors black installed new hardwarePainted central mailbox black We are still actively repositioning this property and will have another two tenants moving out end of this month ( September) but the property has generated enough profit from the other units at the increased rental rate that the business will be paying for these upcoming turns.
23 September 2019 | 6 replies
My lease has wording in it that says "In the event of breach of contract and/or eviction, Tenant agrees to pay Property Manager for Owner (Landlord) for all losses incurred as the result of the breach and/or eviction, including, but not limited to attorney’s fees, late fees, rent, advertising costs, cleaning, painting, repairs, landscaping, etc., and re-letting expense of 100% of one month’s rent."
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20 September 2019 | 2 replies
The best way to find off market commercial and multifamily properties is to compile lists through a paid service like List source, Reonomy and CoStar or you can use free resources like Loopnet, CREXI, Craigslist, tax database, brokers, property managers, title companies, multi family inspectors, appraisers, landscapers and other companies that service commercial and multifamily properties and driving for dollars.The real key is in how you approach the owners and then the follow up.
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5 October 2019 | 16 replies
Although higher cashflow might help expedite the expansion of my portfolio, turnover+repair costs etc in MF seem to eat into that quite a bit.
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8 January 2020 | 24 replies
All new plumbing, faucets, fixtures, switches, flooring, landscaping..etcWhat was the outcome?
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9 March 2021 | 7 replies
5G in multi-family
Just wanted to get any thoughts/ experiences of Multi-family operator s/ property managers of the 5G rolling out across the USA. Think there are several opportunities for the MF landlord/ PM/ in...