Justin Goodin
Renovation Cost Breakdown
I spent $16,444 renovating this 3-bedroom apartment at one of my properties.Here's the breakdown:- Kitchen faucet: $76- Thermostat: $30- Bathroom hardware: $34- Toilet: $94- SS stove: $250- SS microwave: $150- SS frid...
Kevin Coleman
Boiler Maintenance and Monthly Cost
I am looking to acquire another small multiunit in Chicago. I have no experience with boilers and want to know the expected maintenance and monthly per unit heating costs if I am footing the bill as the landlord. Can...
Nick Stageberg
Utility Bill Back Options On Triplex?
Hello everyone! I have an offer out on a triplex property I expect to win, and I would like to split out the utilities on this, though this one is a particularly hard case. -There is a 1200sqft unit on the main floo...
Julian Dozortcev
Buying multi unit with single heating unit
hello all,Wanted to get people's opinion on buying a 3 unit building with a single heating unit. The cost of separating the units and making 3 separate heating systems is too expensive. This building has radiators an...
Brad Z.
Tenant Utility Costs
I have a 3 unit building and all utilities are being paid by tenants. The tenants do keep it very warm but also pay for it. I have a large 3 bedroom apt and the tenant ran up a $500 electric bill! It is baseboard heat...
John Underwood
Deal of the Day - Remote water shutoff
To piggyback on Mike's Deal of the dayIf you have a vacation rental that has days or weeks where no one is there (maybe just off season)It would be nice to be able to detect a water leak and have the water shutoff.Or ...
David Pfeifer
How to bill tenant for shared gas bill
I just bought a property that has one gas bill for 3 units, and I want to split it equally and charge my tenants. What is the best way to actually bill my tenants monthly for the gas bill, and how do they pay me for it?
Grayson Lynum
Rental property break in!
So it’s our first ever BRRRR.We put 5 weeks of blood sweat cash and tears into this property!We were so happy to hand it off to a professional property manager, and visions of rent checks, danced in our eyes!Then the ...
Mackenzie Grate
First 4-plex! Here we go multi-families!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $287,500
Cash invested: $30,000
4-plex project. As tenants move out, I update each unit. :)
It's fully occu...
Nicholas Joseph
Duplex outside Indianapolis - Ridiculously high heating bill
I own a duplex outside of Indianapolis, and during these winter months (since November) the heating bill jumped to over $600/month between both units. The spring and summer months were about half of that amount betwee...