Luke Hoffman
Standard operating procedures
Hello!My wife has requested that we have standard operating procedures. I am currently writing them out. I have tenant move in/move out, maintenance, tenant screening, rent collection, turning over a rental, tax time....
Joshua Zapin
Property Management Indemnification Standards
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/...
Adam Black
Standardized Contractor Bid Sheet?
We are getting cloer and closer to our goal of 10, 10, 10 monthly, 10 buys, 10 rehabs, 10 sells. As we get closer we are trying to streamline and standardize everything we can.
I have put together a excel sheet that...
Nick Louie
Cleaning Standard Under Contract
BP Community,I’m negotiating the “rider” (annex to the contract) to include in the contract, with my attorney. In the lawyer’s draft, the relevant clause required the seller to vacate the property and “broom clean.” I...
Anthony Cade minniti
Industry Standard Equity deal?
My private lender wants equity in a proposed upcoming flip project. What is the industry percentage standard if we were to work out an equity deal when the property is sold?
Jeremy Host
Section 8 Property Standards
Are the HUD requirements for a property the same nationwide or different for specific certain areas?I have a list of items my PM is recommending to meet the section 8 standards, I want to make sure all of them are nec...
Karen Jensen
Standard Private lending rates
We have an attractive property where we plan to fund 50 percent of the investment, and are looking to work with a private lender on the remaining 50 percent. It is A flip property 50kPurchase Repairs - soft costs 50...
Huiping S.
American Standard AC quality.
One property installed a American Standard 4ton 16 seer, silver AC in Aug-2022. First time stopped to work in 4-28-2024 and disconnected from thermostat without any idea why. Last weekend it stopped to work again but ...
Doug P.
Designer Rehab vs. Standard
I'm reading the book Flip right now and they talk about basic, standard, and designer levels of flipping. I'm wondering what most of you do when you rehab a house. Do you put granite, SS, and hardwood in most of your ...
Charles W.
Standard commercial lending terms
Hi all,
I've been trying to do my research into commercial lending terms. Based on all the threads on LLC vs operating in my own name I have decided it is probably best to operate under an LLC. Since as an LLC I cann...