All Forum Posts by: Anthony Porembski

@Marcus Auerbach

Excellent points and all things mentioned need to be considered. It definitely seems more conducive to the transient tenant and I just learned that I’ll be eating most of the utilities so the more I learn about the property the less attractive it seems. Thanks your input Marcus, have a nice weekend.

@Cassandra Sampson

Excellent Cassandra! I’ll definitely keep that in mind and reach out when the time is appropriate. Thank you!!

@Tj Hines

All excellent points and great review of detail to my initial post. I’m learning all those things as we speak and moving very cautiously. Thank you for you input Tj.

@Bjorn Ahlblad

Will do Bjorn and yeah it seems extremely good on paper but I’m just getting started with my due diligence. Hoping it works out. Thanks for your response.

@Jon Schoeller

Thanks Jon, that’s what I figured. Appreciate your response.

Hello BP! I always like to open with a thank you for those who take the time to spread their knowledge and experience. Appreciate you 🙏🏻

So I found a smoking deal on a 5-Unit property. The owner very cleverly and efficiently turned this 3 story SFH into 5 separate units. Four 1bd's, and one 2bd unit. They all have their own kitchens and community laundry in the basement. Not exactly sure how the utilities are broken down yet but I'll learn that soon.

This may be a stupid question but would this qualify as a commercial property sense it’s over 4-units?

@Jabari Long

Thank you Jabari!! You added a new insight for me by making a point to check utilities. I’ll make sure my move out checklist is thorough. Awesome stuff, I really appreciate it.

@Michael Noto

Thanks for the input Michael, definitely feel more confident on the subject moving forward. Really appreciate it.

@Marc Winter

Good points. A thoroughly documented walk through with the tenant was definitely on the to-do list. Thanks Marc 🏡

@Theresa Harris

Copy that 👌🏻