All Forum Posts by: Casey Walker

Looking for suggestions with building a website where i can send my potential tenants to fill out the rental application, see available units, a link to the smartmove tenant screening website and read a little about our rental company.   Is anyone willing to share there website address for me to get ideas of how this should be laid out?

Thanks

Im changing a 2 unit into a 4 unit and im considering adding a sprinkler system.  Does anyone know when you are required to add a sprinkler system and what should i expect to pay?

Thanks

Im a contractor in PA.   In 2012 I rewired a 100 year old farm house around 3000 sqft, total cost $10,000 for parts and labor at $35 per hour.  The rewire included new main panel, Snaking all new wires through finished walls, new plugs and switches in every room.  2019 our current labor rate is $75 per hour so the cost of this project today would probably be in the high teens.  In 2012 I talked with my uncle who has a construction company in CT and he said a project like that in his market would easily be $30,000.   I agree with everyone else,  get a bunch of prices and compare apples to apples.  Each estimate should list the number of receptacles, switches, lights, circuits, panels and info on inspections, permits, contractors licence and insurance.  

@Brian Van Pelt

Thanks for your reply, the Ultimate tenant screening guide is a downloadable PDF and none of the blue links work.

I am reading the  Ultimate tenant screening guide and it has what looks like a link to "free rental application form" , Is the application form available somewhere?

Thanks

Thanks for the tips Ryan Murdock!  

We have a rental appraised at 255,000 that we owe 148,000 on. We could refinance to 80% LTV and use that 56,000 as the down payment for the next property. How does someone decide what LTV they are comfortable with? I love the brrr strategy, i am just unsure of how far i want to leverage them. thanks

What are your thoughts on buying cheap mobile homes in a trailer park and renting them out? I could buy a trailer on site for 15k, fix it up a little for 5k and then rent it out for $800 a month. The lot rent is $400 so that would leave me 400 a month for vacancies and repairs. You could end up with 200 per month in cash flow from your 20k investment. I understand that the mobile home is going to depreciate to 0 eventually. We have other nicer rentals that cash flow and appreciate, this would be to offer some affordable housing where there isn't much and a smaller purchase price for us to add more rentals.

What are your thoughts on buying cheap mobile homes in a trailer park and renting them out?  I could buy a trailer on site for 15k, fix it up a little for 5k and then rent it out for $800 a month.  The lot rent is $400 so that would leave me 400 a month for vacancies and repairs.  You could end up with 200 per month in cash flow from your 20k investment.   I understand that the mobile home is going to depreciate to 0 eventually.  We have other nicer rentals that cash flow and appreciate, this would be to offer some affordable housing where there isn't much and a smaller purchase price for us to add more rentals.

Closing on a three unit next week, around 200K.  Looking for your thoughts on should i dress up, down, or just wear the same stuff i do everyday?  My lawyer and banker will be wearing suits.  The seller fell on hard times and will not be dressed up.  The seller might not like it if i dress up.  Im working with  a commercial lender who i would like to work with again and i think it might look good to him if i dress up a little . ?   Im comfortable in shorts, t-shirt and tennis shoes.   I dont want to try to be fake but i also dont want to be under dressed.  Thanks for your time!