I've been looking at a lot of multi family buildings here in NH, and since many of them are older homes that have been converted into apartments (2-4 units), many of which have common heating systems, so the rent incl...
I have a retirement account from a previous employer. It contains around $23,000. I was considering trying to use this money to help in purchasing my next property. However, this account, while I'm no longer contribut...
Wanting to get some ideas on splitting utilities between tenants. I’m purchasing an 18-unit mixed used property which consist of 12 residential and 6 commercial (industrial) units. This property is unique as it was or...
Hello, any recommendations or other help would be appreciated. Currently, have a contract to purchase 12 units in Louisville, KY. Current owner pays for water and electricity. And I live out of state. Does anyone have...
Fellow BP-ers,
I was interested in hearing from those who have used Small Business Loans (unsecured loans from Fannie Mae/Freddie Mac) to purchase their multiunit deals. I would be most interested to hear about:
- ...
Is this a thing? I'm considering making an offer on a multi-family. This would be my first multi-unit purchase. The only problem is that it does not cash-flow due to the owner paying ALL utilities. I don't want to st...
How do you guys keep your utilities cost down ? Do you just write in the lease agreement tenant to keep AC unit at a certain temperature ? Do you use solar panels ? Smart electronics like NEST etc? I am trying to find...
I had a tenant move out on a property that I have managed by a local property management company. Should I expect my PM to handle taking over the service of the electric and water bills and charging that back to me? O...
Hi. I was wondering how anyone has gone about separating water utility for tenants and billing it back to them? I have isolated all the water lines for my units but haven't figured out if I should call the water compa...
Hi BP,
We just got a letter for one of our rental properties (it's quickly becoming a problem property for me,) and it is a "30 day notice of an intent to file a Municipal Lien" for an $8000.00 past due utility bill...