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19 November 2021 | 13 replies
Send them a final bill and give them a deadline to contact you to arrange a payment plan or tell them you will see them in court.
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30 November 2021 | 26 replies
Renovations we're poorly done, city fines, monthly repair bills, apparent negligence in screening tenants, then the vandalism incident that will cost me 20k.
19 November 2021 | 8 replies
@Shaun Troyer would they be paying you rent/covering all the bills?
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19 November 2021 | 2 replies
It turned out to be a notice that the city was going to shut the water off from the utility bills not being paid.
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29 November 2021 | 2 replies
Bill at AHB Realty in Burlington is a fantastic property manager.
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21 January 2022 | 7 replies
Here is a list of due diligence item I use on my MHP investments:Check zoning and permitting compliance (city zoning)Check local law compliance (with Sherriff and/or Police)Search City Council minutes for any adverse mentionsCheck with State Department of Public Health's Division of Community Environmental Protection (CEP) for compliance violationsCheck with property neighbors for any disputes or pending legal actions Water - Check with water provider for any open or recent issuesSewer - Check with Sewer provider for any open or recent issues or complaintsElectricity - Check with electricity provider for any open or recent issues Rent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 yearsGet last 2 years of Profit and Loss statementsGet last 2 years of Tax Returns for the LLC/Park12 months of Bank Statements for the LLC/ParkCurrent Accounts receivable statementsBuild proforma for next 5 years using rent roll and expensesGet owed taxes to City/County/Local govGet Insurance Quote of commercial liability insurance2 years of utility billsProperty Tax bills for last 2 years List of park owned home including copies of “rent to own” or sales contractsGet list of vendors and contract status for each vendorTalk with on-site property manager regarding issuesConduct Onsite Property Visit with property managerSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc.
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20 November 2021 | 2 replies
I'm reading your book 'The Multifamily Millionaire' and have loved it so far.
However I feel like there's a pretty big typo on page 140. Brandon is talking about the formulas...
he says NOI / Property Value = Cap ...
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13 December 2021 | 3 replies
Finding good contractors and subs are not easy and some of it has to be via trail and error.
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25 November 2021 | 27 replies
I would feel really stupid if I just hired a handyman or plumber and they would tell me took them 30 seconds to fix and $100 bill.
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9 December 2021 | 9 replies
Bristol is a very nice small city- located on the edge of going rural, but not convenient to the highways- decent taxes, good water bills, and the town government is ok.