Ellen Feiss
New 3 family, owner occupied, Providence RI: coin op or regular machines?
Hi BP -- I have learned so much from this community so far, thanks so much to allI have a 3 family in a nice, A- area of Providence. Currently I have inherited tenants, but I am planning for lease turn over. There is ...
Jeremy Porter
Navigating House Warranty Claims: A Property Manager's Guide
As a property manager, my responsibilities extend far beyond simply managing day-to-day operations; I'm also involve protecting the long-term value and profitability of my landlord's investments. Handling home warrant...
Matt Kauffman
PM & CapEx in or out for figuring Valuation???
Hey BP gang, I'm wanting to step up into the larger multifamily properties and move away from <4 unit buildings. When it comes to running financials on larger properties I know I need to include PM and CapEx expens...
Sean Kuhn
Maintenance and Cap
I purchased a property recently for X amount of dollars. I put 12k into it. This was for appliances, ac, electric and other cosmetic stuff. When figuring my cap I allow 20% for vacancy and maintenance and also PITI...
Alex L.
What does "air conditioning" mean on the Section 8 utility allowance sheet?
I have a couple of rentals with central AC that I rent and am planning to rent to section 8 tenants. I noticed on the utility allowance sheet that there was a line item for "air conditioning" which required to be spec...
Lain McCanless
How to Know If I Should purchase My First Duplex???
Hey Everyone! I have an opportunity to get in on a Duplex that will rent for $1000 on each side. They are asking close to 300K for the property. It is a cosmetic fixer-upper. Should I go for it? What are some quick in...
Cierra Seay
Deal or No Deal - Did I ask the right questions
I have a lead on a 20 unit senior apartment building that's fully occupied in St. Clair County Michigan.-Building needs no work recently upgraded cabinets, appliances, and windows- 10 acres of land- 1-2 bedroom units ...
Bud Gaffney
Coin Operated Washer/Dryer Machines
Please give me your feedback on coin operated washer/dryers. Have you used them? Are they worth it? I have them in 1 of my buildings. It's 8 units. I inherited the "laundry room", and it seems to be working well so fa...
Kyle Hendrix
First Investment Property: $600/mo Cash Flow!!!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Youngstown.
Purchase price: $67,500
Cash invested: $21,000
Sale price: $67,500
Purchased this Duplex for $67,500 using...
James De Silva
4 bedroom home in Michigan
Hi BP,I'd love to get your thoughts on this potential deal.Sale price: 4 Bedroom, 2 bath - $87,000, VA foreclosure.Location: Michigan, area with good school district in Oakland County.From the CMA, seems that the ave...