Stephen R.
Monee IL Rehab cost estimate
I have two properties in Monee Illinois I'm trying to calculate MAO's for. Since I'm out of state I'm looking for someone local to give me an idea of what they're spending per square foot for rehab. They are both >...
Jessica G.
Flooring for putting house on market -- go cheap or go big?
We're about to put a house on the market. It has been a rental for three years, so it needs paint and new flooring. Most of the house is carpet, with some laminate and tile. I think the tile is still in OK shape, w...
Colleen F.
Property manager, repairs fees, and who the bill is from
For those of you who use property managers and they have handled a repair who is the bill from ? and is there any invoice from the actual tradesperson if it comes from the property manager? The reason I ask i...
Patrick Howe
Water Metered VS. Non-Metered
So I recently received my first water bill from the City of Chicago. My building does not have a meter so I am billed the standard rate for a 2 unit building, it was over $900. I was wondering if anyone had any experi...
Jan Farley
Addendum to property management agreement re:plumbing emergencies
Had an owner scream at me because I sent a plumber to check out a leak from bathtub, saying there is no leak blah blah blah. I hold a $300 pad, but plumbing leaks are emergencies and should be looked at ASAP. I’d lik...
Account Closed
Property Manager Drops the ball, advice??
Hey BP,So in a bit of a situation, if anyone has advice, that would be great.Tenant reports a leak under the sink, PM doesn't send someone out until 2 weeks later. (I wasn't aware of how long it took until I bi-passed...
Benjamin Aaker
What is the value of DIY?
My wife and I are finished fixing up our first flip. We calculated our repair cost and there was about $19,000 worth of work done by contractors. We spent another $8,000 on materials for DIY such as flooring, paint, ...
Nate Huber
Repairs and Maintenance, CapEx, and Vacancy % Estimates 3BR/2BA
I'm trying to make sure my calculations are as accurate as possible. Currently, I'm running my numbers for my single-family 3BR/2BA as follows:
- 5% of rent for annual repair and maintenance - 5% of rent for CapEx- 6...
Matthew Rutledge
Talk me out of this one
I've let myself get a bit emotionally involved in this one. Please talk me off the ledge!
I've run this through the calculator, and it says it's a negative cash flow deal financed under 15 years, pretty much...
Sparkle Carlock
What's a "good Cash flow" range?
Hi BP.! I am trying to narrow down the strategy I'd like to used to get started. As I look at properties around me, I am stuck between (1) entering REI with a flip to gain more investing captial and (2) acquiring a pr...