Mark Takata
Improve Apartment Operations
Hey BP, Background: I'm trying to help my dad improve operations on his 8 unit appt complex in the West Adams area of Los Angeles, CA. He currently has 6 of 8 tenants on month to month (2 newest including one that mov...
John Sheppard
Mini Storage Operation
I'm looking at building a mini storage facility and want to focus on online application/rent collection. I'm in the process of building a website to operate. Not sure if one should lock all vacant doors and unlock o...
Greg Larson
Annual Operating Expenses
Hey all, I'm looking at a duplex property that was just put on the MLS. It's stating that the annual operating expenses are only $500.This sounds unrealistic, correct?If so, is it common for MLS figures regarding GOI...
Babatunde Onadele Jr
Average Operating Expenses
Currently refining my comps metric and looking for an avg maintenance and utilities (water/sewer) cost for the Cleveland area. Assume property was built after 1900. Any insight would be greatly appreciated.
Thanks
Alex Regensburg
Mortgage Company Operations
To the BP community - thanks for your help on this. Career transition time for me! Fun, exciting, and scary as hell. Recently connected with a large Mortgage operation, expanding like crazy. There is an opportunity to...
Nate R.
LLC Operating Agreement
Do I need a special operating agreement drafted for the purpose of holding a long-term rental in an LLC? Or is it sufficient to use an "off-the-shelf" version I can buy online?
Talha Shahid
LLC Operating Agreement
LLC operating agreement... How do I get that done? I have a property under contract right now and the title company needs the operating agreement for my LLC... Need some guidance on this.. much appreciated. Thanks.
Gary Faucett
Net Operating Income
When I run a Rental Property report and it returns NOI. Is that NOI for the life of the 30 loan or 5 years are annual or what? In other words, what does the amount of NOI represent?
Brent Barcus
Top Multifamily Operators
Hey all!
I'm based in Nashville but looking for some recommendations of top Multi-Family Operators in the St. Louis area. Looking for teams that are owner/operators of large institutional Class A assets in the subur...
Jewel B.
Order of Operations
One thing I'm currently struggling with is the order of operations.
1. Browse the market (MLS, Craigslist, Facebook marketplace) for potential properties, keep an eye and ear out for off-market (network)2. Pull aside...