Zaheer Khan
Seller Concessions Exceeded
Hi BP community!
First time investor here.
I’m getting ready to close on an investment property (condo) next week. My lender just informed me that my seller concessions exceed the relevant closing costs (including ...
Tim White
Reducing time between short term guest
Hello all,My partner and I have began managing short term rentals in our area for other host. Generally the most time intensive properties for managing these properties is the turnover between guest. Luckily we have...
Justin K.
Water Usage - Removing/Monitoring Washing Machine
Friday after submitting my water meter reading I received a call from the water company informing me that the water usage at my 6 unit property was twice the average and that I should expect ~$1000 water bill for the ...
Sharon Carson
What are my Obligations to a Tenant when tenting for termites?
I have a rental property on the Big Island of Hawaii. I manage it myself.I am in need of tenting the property for termites. My tenant is very good, and compliant. He will need to take care of all his personal items...
Shawn M.
Tenant Changeover Checklist
Does anyone have a Tenant Changeover Checklist they can share? I'm thinking of everything that needs to be done to the interior of the property once a tenant moves out and before the next person moves in. Replace batt...
Ben Leybovich
Car Wash - does anyone own?
Guys,Got a call from a banker. A set of several automated car washes is selling. If anyone owns some car washes, please chime in. Underwriting EBITDA and CF, and I'm starting to develop a basis for understanding, but ...
AP Horvath
Valuation on CRE as cash business without tax returns?
When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...
Kimberly C.
New to STR, do cleaners do laundry onsite? If so, which washer & dryer are best?
Long story long, I'm currently setting up 2 STR properties (these would be my first).1 property is a 4/1.5 with a working washer & dryer1 property is basically a 2/1 with no washer & dryerI'm definitely gettin...
DJ Cummins
Please talk me out of offering on a car wash in a sketchy area
Hey all,
I have a chance to purchase a car wash for about $.30 on the dollar. It’s in a bad area. The McDonald’s next door has closed because it was robbed several times in the past year. Cash flow according to the p...
Randall Brown
WASH Laundry Systems - what's going on with them?
We own a multi-family property where we inherited a laundry room with a washer and dryer that is rented from WASH, located in Southern California. Their machines have been in place for a while. I'm guessing the machin...