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Multifamily master meter
A friend sent me a 72 unit that's available for 4.2m. A 7.56 cap rate. $318,957.97 NOI according to the trailing 12. I asked for someone to JV with me & sent the email to an investor. They are processing the purch...
Dave A.
Feedback on numbers for 8 unit CT multi-family?
Hi All,After a couple years of research, I'm finally comfortable that I've found my preferred niche' in commercial multi-family and I'm ready to make my first purchase. Big problem: no multi-family in my area and low ...
Jenna Columbus
Building Utilities into Rent for tenants with Assistance
Hi everyone! I have a potential new tenant that receives assistance from the state that asked me during the application process if we could include electricity in our rent every month. Typically all utilities are paid...
Kyle Clover
Question about Section 8 Rentals and FMR
Hi everyone,I am attempting to find my first rental property which I may make Section 8. With Section 8 in my area, HUD has a FMR of $2,009 for a 3-bedroom house. On rentometer, the area I am looking in has an average...
Patty Yang
Getting Feedback - easier rental management with utilities!
Hey everybody, I'm exploring whether this concept would be helpful for anyone who househacks, owner occupies and rents out, or rents their own property. Feedback needed on whether this is a problem for you, whether yo...
Jaston Robinson
Possible deal in East Providence?
Hi all! I may have a deal on my hands in Rhode Island, but need some advice before I submit an offer on this "seller by owner". A quick low down on what it is:
1. Four 1 bedroom units, currently renting out for a to...
Jeffrey Audije
Raising the rent and adjusting the contract
I have a tenant who is now transitioning into long-term from a mid-term renter. I'd like to raise the rent but I'm not sure how I go about making amendments or addendums to the contract. I'd like to raise the rent bec...
Kam Ajani
Calculating SFH rental monthly expenses
Hey everyone! I'm a new real estate investor looking in and around the Atlanta GA market for SFH rental unit. This will be my first time buying a house, and I'm currently in the process of analyzing deals. I have had ...
Chris G.
Who's Responsible For Water Meter Leaking
We have a condo in a building that's 3 stories and around 20 units. There's a home owners association and condo association that pretty much manage and take care of everything on the outside of the building and common...
Jon Klaus
Multi-family "all bills paid"
Almost everything I've heard on master-metered properties (Landlord pays electric) is negative. Typically, it's an older property with lower income tenants. The electric bill is the landlord's biggest expense. Sinc...