I am under contract on a 12 unit MFR and trying to more accurately estimate reserves for maintenance and capex.  I am tentatively planning to buy-and-hold the property to build up the downpayment on the next property ...

Hi, I have been reading about the 50% rule and I use it for my rough analysis. My question is: Is he 50% rule enough to cover major expenses if you plan on holding the property for many years (roofing, AC, etc) or do ...

Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik

Hello,Currently interested in understanding what the best maintenance strategy would be for my situation. To give some background, my family owns a 52-unit, 14 story apartment building on the north side of Chicago. We...

Any thoughts on the numbers here please let me know.  Rents are very low. A widow has owned an managed it herself for 10yrs and hasn't raised the rents in about 5yrs.Ok here is the deal:All brick 11,100 sq ft 10 unit1...

Assuming that I am working with a property management firm, what are you using as an annual repair estimate for budgeting/deal analysis purposes?% or gross rents?$1000 per year?What is your basis for this method?Thank...

Hello All,Wondering if someone has advice for me. I am on the board of my building which is a condo and one for the owners has walked away from her apartment and owes the building and the bank 6 years of mortgage a...

Hello and thank you in advance.I'm looking for advice on the best book or other media series, for managing multi family.  Im looking for the latest information, from information management systems, to marketing, and b...

Hello everybody!We are researching the multifamily laundry services for 16 units building in Chicago area. We would like to hire a company that would install two washers and two dryers in the basement. After that we w...

I'm sure someone can help me with this. I've read many books on commercial and multi-family properties. I understand using the 1% rule of thumb to see if a property is worth looking into deeper as well as the 50% rule...