Scarlett Tao
Property management company failed to collect utilities
My property management company failed to bill several thousand utilities to the tenants. And the tenants already moved out. Could I hold the management company responsible for this? Need some legal advice. Thank you!
Account Closed
Analyzing my 1st deal, am I being too conservative?
First post! I am analyzing my first property in Louisville, KY. It is a triplex.Here are the numbers I am getting. It looks like CoC of just 4%, but am I missing something? The numbers are the “actuals” (per sellers...
Thomas Ince
Variable Lease
I'm looking to purchase an apartment complex that was previously offering all bills paid. The current owner is spending a high percentage of the expenses on utilities and my fear is that it could ger worse. The comp...
Justin Goodin
Direct Mail Still Works! 29-Unit Under Contract
💥We just put a 29-unit complex in Indianapolis under contract!
We received this lead from a direct mail campaign. Direct mail still works 🚀
✔️This is a REAL value add opportunity. The owner lives on site, has owned...
Logan Hassinger
Potential tenant questions
I have a prospective tenant for my first SFR that has a low 500 credit score. They have also informed me that they broke a lease a about 2 years ago. I will be calling the previous landlord to get their side, but from...
Gabe Goudreau
What Utilities Can I & Can't I Bill Back Tenants For?
Hello BP Community,I'm doing some research into how to analyze utility expenses of small multifamily properties (5-20 units) and I'm confused about which utilities you can & cannot bill back to tenants. I know som...
Eddie Quispe
Building an Apartment complex
Hello everyone, my wife and I are looking at purchasing land (3 AC) zoned multifamily (R6) and building a small apartment complex. The reason behind is that we can't find any small apartments in our market that fit...
Joshua McLean
Suggestions for estimating Rents/taxes/expenses
While analyzing deals in my local Cleveland market, I am always looking for way to come up with more accurate estimations for what I could expect to be rents, utilities, and property taxes. Currently, I use Rentomet...
Jay Ben
Applying RUB’s to MF
so I’m looking to do my first deal and when analyzing properties I want to add RUBS but how do I know if:
1. It’s legal to do in my market /state/county/city
2. How can I calculate? I heard people setting a price ba...
Brian Sherman
Base board heating
I have a duplex I purchased in a bank foreclosure last November. It's a solid building with good bones except one thing - no furnaces and it has base board heating. Property is in a college town in Michigan, so the re...