Rental Property Investor 路 Mountain Top, PA 路 Member since 2016 路 36 posts 路 22 votes
Hey everyone, Mindy was kind enough to create a local forum for the Wilkes Barre Scranton area. This was it will be easier for us to post and see what on the local level people are hopefully working together to help everyone in the area!
@Amy Engelhard, congrats on your deal in NEPA. I live only a couple miles from Dunmore.
It looks you intend to take on quite a project to bring the house up to par and to maximize the rent. Have you done projects like this remotely before?
One suggestion, when I do large electrical upgrades I will have an electrician to the actual electrical work, but I won't have him repair all the walls and ceilings he has to cut holes in. I will have a handyman do that or do it myself. Why pay a skilled handyman his labor rate to do wall patches when you can hire a semi-skilled handyman at a MUCH lower rate to do it.
Also, I would get involved (or have someone onsite) involved in reviewing the wiring plan. Sometimes the bid you get is needlessly complicated or might involve excessive holes to be opened in walls which adds to the total cost.
Team NEPA! I know there is the agent finder... But who have you had good experiences with for multi-family investments, specifically in Scranton? Would appreciate intros.
Hi Tom ~ Here's what I've done : Using online tools ( Realtor, Redfin, Zillow, etc ) I find multi families that sold locally in the last 12 months ~ then see which agents names keep popping up on those sales ~ hope that helps 馃憤