I recently purchased a mixed use building with a partner; the commercial space is on the smaller side but I have interest from an individual who would like to open up a salon. Any suggestions on the type of lease I sh...
My condo association fees are $125 per month, per each property. Each property appraises for approximately $136,000. Each unit currently rents for $1050, with a little room to grow on rent increases. Here's what the...
Hello all - I thought I would come to this community for advice on a matter that has been a problem in a neighborhood I own two properties in for over 5 years. This is in the state of NC.Situation: I own two propertie...
We are looking at a loan on a 7 unit apartment building including a house on the property. The bank is saying that a five year resetting rate on the mortgage is normal. Is this true? Also they are saying there is a pr...
The statement below appeared in my LOI.
“ The estimated triple net expense reimbursements for the first year are yet to be determined?”
Can someone help me to understand what it means?
What are potential expenses t...
What maintenance and repairs items are typically included in a property management fee?
As a property investor or manager, it's crucial to grasp the concept of capital expenditures (CapEx) in multi-family properties. CapEx refers to significant investments made to maintain, improve, or upgrade a property...
Hey everyone - I'm wondering how/what you budget for maintenance and repairs with a 12 month lease vs. what you budget for maintenance and repairs for airBnB/short term rentals? Does anyone have context for how much m...
Hi Everyone,
I purchased a new-build townhome by Meritage Homes in 2021, during the initial phase of the community development. This is my first HOA property. At that time, there were no rental caps, and the HOA docu...
Most people overlook mobile home parks as an investment vehicle due to negative perceptions about the kinds of people that might live there or what they represent (poor, dirty, untrustworthy, etc). If you look at the...