Sebastian Roy
seperating utilities on a single family
Hello everyone,
I'm currently analyzing a single family house hack which I'm planning on renting the basement as a seperate unit and I'm wondering if how to bill the utilities once I move out and both units are rente...
John C.
Water Sub-metering: Cloud/Remote Solutions?
Hiya,I wasn't sure which sub-forum this belonged to, so apologies ahead of time.I'm looking at sub-metering a property, and was wondering if anyone has found good solutions for tracking water usage from afar? I've fou...
Jason Malabute
I need help underwriting deal
i need help on this deal I'm underwriting. The seller wants $1,250,000. It's a 10 unit, B neighborhood, built 1988, 5% vacancy, average rent is currently $742, but it can be pushed up to $955. Cap rate is 6% . Only 2 ...
Mike Stone
can I use NON 'passive losses' for short term rental property ?
A CPA (in prior year) told me that if my rental property has avg rental period LESS than 7 days than my losses can be treated as "NON passive" on form 1065. in this case they go on page 1 of the 1065 and I do NOT comp...
Isaac Lane
Average unit turnaround time for a property manager?
What is the average time it takes for your property manager to get a unit fixed up and rented out? I know there will be a little variation based on size and condition, but I wanted to see if there was some expected in...
Derek Nemec
DSCR loan - rates/lender check pls
Hi there, currently looking into the DSCR (cashout refi) loan products, and I am trying to lean into a lender with the lowest possible rate/cost above all else. Here are some details: LTV approximately 70-75%, 740+ cr...
Corey Duran
How do handle water bills start to finish (Buildium)
Please share the best way you have found to handle water bills. I am trying to find the most hands-off/time-saving approach. I will share my current approach now and if you have suggestions please share them.(My proce...
Adam Pervez
Submetering Water Expense
Hello,
I am looking to split the water expense and wanted to know who I can reach out to that can help out with the process. Would it be a plumber? Has anyone gone through this experience before that can share what n...
Mark Jajowka
How to bill tenants for electricity and gas?!
Hi everybody! I was wondering who here makes their tenants pay their utilities and how you charge them. Do you put the bills in their name or do you get the bill then put it in with their rent? Thanks
Chris Stranad
Repositioning Acquired Tenant & Unit in Multi Family Property
So I closed on my first multi a few months ago, a quadplex. This was the previous owners only property & he self managed. The property was fully leased far below market value so I have been expecting to update the...