Yanbin Zhou
First Time Gut Renovation Questions
Hey guys, I'm interested in making an offer on a 500 sqft studio condo in the Jersey City area. It almost needs a gut renovation (new bathroom, kitchen, repaint wall, sand the floor). I had one contractor look over an...
Denise Sieg
Average percentage used on operating expenses when evaluating
Hello everyone I would like to get a sense of what percentage (5-10%) you allow for maintenance cost, cap ex & vacancy when analyzing a property I realize it’s based on property condition and other factors but let...
Chris Nare
First Rental Closed
On Friday, we began our REI journey. We closed on our first property that our agent found off-market. It is a 2 BR, 2.5 BA, one car garage condo in Fairfield, OH. We got it below market and need to spend about $15K to...
Tom Markoe
Owner Occupied Timing of Remodel / Cap Ex
Hi Folks,I just closed on my first duplex in the Twin Cities. I will occupy one unit. Do you find it best to do capital expenditures prior to, while currently living in or after moving out? (Ex: I would like to rep...
Julio Gonzalez
Deductible Repairs vs. Capital Expenditures
A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment. This would include architectural fees, new equipment, cost of protec...
Dawon Irvin
Easy Steps to Increase Energy Efficiency in Your Rental Home
Improving energy efficiency not only helps the environment but also puts money back in your pocket. Let's explore budget-friendly tips to make your rental more energy-efficient and sustainable for the long run.
1. Se...
Alex Clift
Recessed lighting
The condo I own has a ton of recessed lighting. The bulbs don't last long and are expensive to replace. Who's responsibility is it to replace them? Mine or the tenants? I didn't reference them in the lease.
Brandon M.
Worth it to upgrade the house to gas for resale?
Looking for some opinions, I have a house I am in the process of basically building (was ripped down to just the exterior walls) and wondering if I should spend the money to install gas piping to allow the new buyer t...
Robert McEachern
Laundry in Unit?
Hello All:I just purchased a 4-plex which has washer/dryer hook ups in each unit. I was speaking with a colleague about his rentals and he told me "I got some advice a long time ago that said, never install washer/dr...
Justin Wilkey
Appliances - Where to buy
Does anyone have suggestions on where to buy appliances that cater more to landlords? I have 16 units and I figure I'm going to be buying a refrigerator 1X/year at a minimum. I've been dealing with the big box stores ...