19 March 2020 | 5 replies
With a little bit of sacrifice, a little hard work, a little thinking outside of the box, and a few hours of cleaning per week, we were able to live exactly where we needed to live to do ministry with our church.What is more, we were able to save money, and because we were renting (and giving money to the rent fairies), we were able to put aside money into savings and purchase rental properties in another market.Here were the numbers:$92,400 / TWO YEAR PROJECTED RENT COST AT $3,850 A MONTH$48,000 / PROJECTED AIRBNB RENTALS OF THE BASEMENT (BASED ON A CONSERVATIVE $2,000 A MONTH NET PROFIT)——————-$44,400 / TOTAL PROJECTED ACTUAL RENT COST——————-$1,850 / PROJECTED CONSERVATIVE ACTUAL MONTHLY RENT TO LIVE WHERE WANTED TO LIVEGAINING EQUITY THROUGH THE PRINCIPLE OF LEVERAGE:That wasn’t enough, however, because at this point, I was still at a net-negative of $44,400.
15 March 2020 | 0 replies
Has anyone had trouble getting a clean Certificate of Occupancy in a similar situation?
15 March 2020 | 1 reply
I’m looking for someone to clean Airbnb’s after guest have vacated.
16 April 2020 | 13 replies
@Kris Bennett The majority are service providers on the buildings 10,000sqft or less(HVAC, plumbers, mechanics, industrial cleaning company, equipment rental stores, etc.) with some light manufacturing mixed in.
27 June 2020 | 11 replies
Any balances due, tenants with late payments still dueIdentify any existing evictions in progressCertificate of Occupancy from the City of LA9a Property Report Natural Hazards Disclosure Statement Copies of all current insurance policies and insurance company contact infoLoss run from the insurance carrier (my insurance broker requires this from seller)Copies of ad valorem tax statements covering the Property for the last twelve (12) months, if anyCopies of electric bills for last 12 monthsCopies of gas bills for last 12 monthsCopies of water and sewer bill for the last 12 monthsCopies of trash bills for the last 12 monthsCopies of any vendor service contracts (common ones include landscaping, interior cleaning, laundry, fire alarm monitoring, and pest control) Copies of any environmental studies affecting the property, if any.A list of anything that will not convey with property (common items include laundry machines and appliances owned by seller)Copy of current management agreementCopies of all existing surveys of the Property, if any.Copies of all warranties for appliances, equipment, utilities, roof, paving, pool, etc., if any.Copies of the last three years’ profit and loss statementsList of all capital expenditures in the last 3 yearsDate of systems updates, if known (plumbing, electric, roof, HVAC) Preliminary Title ReportCopies of the most recent title insurance policies, if any.
16 March 2020 | 11 replies
These things need to come in the heat of the market not the slowing.They will do more good when many take advantage of them, vs a few.This isn't folding "Mean Green" M1.
18 March 2020 | 3 replies
Im going to put some sweat equety into it. cleaning up the front and back yard. updating the inside and adding a shower to the master bath.What was the outcome?
17 April 2020 | 11 replies
@Jonathan Greene Thank you for your advice I will use those tools to help build my brand.
18 March 2020 | 6 replies
I have several friends that own small businesses, a small manufacturer, well established glass shop, a cleaning business owner, and a photographer.
19 March 2020 | 2 replies
The after math once a tenant does vacay a home/unit is beyond past due rent or another vacant unit.let's consider...the unit is vacant, potential new tenant comes, new tenant wants a professional cleaning-To ensure this virus does Not spread consider hiring a professional hazmat type cleaner.No one wants claims of a unsantized home.This is far bigger than No rent payments.