Kai Van Leuven
How to Add Value, 12 Unit Complex. Any Ideas?
I own an apartment complex that has been a huge value add project so far. I have finished off the front five 3-bedroom apartments (started with studs) and completed a cosmetic remodel of the back 5 Apartments. I have ...
Tim Johnson
What would you do? Security deposit question
1) If the carpet's already old enough to need replacement within the next year, would you deduct carpet damages from a tenant's deposit?2) How do you calculate the "reasonable wear and tear" on carpet (or other assets...
Evelyn Liaw
Previous lender refused to transfer an appraisal report I paid fo
Hi,The previous lender ordered an appraisal for me. Now I changed to a new lender, and they basically have me jump through hoops and withholding my appraisal report and not transferring to the new lender. What can I d...
Karen Margrave
Valuations for residential and Vacation Rental
In areas that allow Vacation Rental properties and the property can also be rented longer term the rest of the off season, how would you go about a valuation? It would basically be standard residential say 8 months an...
Katy Nguyen
which approach is better?
Hi everyone. Which case would be better for you if you were the buyer? To record this property sold at $50k or at $110k?Case 1: The seller wants $50k in his pocket after COE. He owes $60k for a lien on the propert...
Rodney Williams
Equitable Interest
I have read several post here in BP on this subject, however I only see peoples opinon.
Here in Florida I have been told by an investigator from the DBPR Division of Real Estate that in order for there to be an equi...
Ryan Nelson
First Property - My Agent Has a 6-month Client Option
I'm closing on my first rental property this week. My realtor just reached out to let me know he has a client building a house that needs a place to stay for 6 months. Obviously, I was hoping to get a 1 year tenant....
Mike M.
use of LLCs for holding rental properties
I read a business plan for multi-family properties and I had a question on use of LLCs. It recommends you have one LLC for the PM and then a separate LLC for each property.
If so, I'm wondering to you handle that...
Elizabeth Guarnieri
Property Management Fees--from % to a flat fee per unit?
Hi--just learned that my property manager has completely changed its fee structure. Instead of a percentage based on rental income it's gone to a flat fee per unit. If I owned more expensive properties, this would b...
Jeffery Waicak
buyers choose finishes?
has anyone ever tried this? basically do the rehab 100% on the outside,so it has nice curb appeal. do all work inside to the point where you have drywall up and primed white. then market as starting at your lowest pri...