Hello Everyone,I am trying to buy a Condo (2 bedroom 1 bath). The insurer is requires paperwork on Covenant and Condo by-laws.What is Covenant and By-laws of Condo association and why is it required for Insurance ?
I’ll be closing on my actual first duplex on January 3rd! My fiancé actual bought one in August and I’ve been managing it! (Lawn care /snow removal small maintenance and out source for contractors We had problems rig...
Seeking info/advice around making an offer on my first investment property....I'm working to get an offer accepted on my first investment property (BRRR on a triplex on a double lot in my local market). The seller are...
New to the group and first post to please bare with me. I've been looking in West Michigan market for a few months now waiting for the right opportunity and I think I might have found it but I wanted to run it by som...
Does anyone own properties where the CoC is lower than the cap rate? Numbers below. Thanks Fully occupied 24 unitsGross rental income $213,613Tax $25kInsurance $6,252Water $12kSewer $17kComm. bldg & common area Ga...
hired a local contractor to install new Rheem hot water heater. Plumber started the job and broke a pipe. Water flooded the dining area, living room, kitchen, laundry room of my ground floor condo. Tenants were forced...
Hello everyone,I own a 4-plex and have run it for 3 years now with success. Recently I ran into an issue with a tenant. She had a leak under her sink and was unaware how to shut the water off. I was able to get to ...
So I notice a lot of multifamily landlords I talk to seem to be paying for water/sewer/garbage. Is this normal? For example, a house is split into an upper and lower unit, each 2/1. The current landlord pays ~$190 a m...
Im a young investor - relatively new to the game. I have built up to acquire a 16 unit apt complex worth roughly a million. Here are the numbers
Gross rents - 13200/month 158,400 /yr
Operating costs avg range-82-88...
Hi
I’m a landlord of 4 units building. We have a problem with water bill we receive every 2 month from city and is $200 more than before! So far, city didn’t increased their water, so we fine with it. More then that...