All Forum Posts by: Luis Gomez

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I'm learning how to analyze deals. 

1) This property is small. They are paying $800 for PM. How realistic is it to "timeshare" another property manager from another apartment owner in the area, much like they described in a recent podcast? Has anyone pulled this off to "decrease expenses?"

2) Is it difficult to pull of implementing a RUBS program?  Any advice on where to learn more about this?

Hello BP,

The city did not approve our initial plans due to lack of parking space. We adjusted and resubmitted plans, which have been approved.

Now, I am wondering what is a good estimate for a budget and timeline for completion for a project like this? 

Even a ballpark figure would help me before I move forward with hiring a general contractor.

Ideally, what are some line item expenses that I should be planning for? 

I found this link for templates for construction estimates, which I am going to use.

9/2018

Here is the original post for the details on the project.

"I have a 3/2 Single family residence in Anaheim. It's zoned R2, and I am interested in a permitted second dwelling.

This project is to convert a large garage into a rentable studio in the back. I have the go-ahead from Public Works regarding the sewer system at the property- that is, it can handle an additional second dwelling.

Now, I am looking for a local architect who is familiar with local codes and applying for a permit from the city. I am looking for professional designs and plans to submit to the city."

I will be making a construction diary next.

Thank you in advance, and happy holidays!

Hi BP.

I have a 3/2 Single family residence in Anaheim. It's zoned R2, and I am interested in a permitted second dwelling. 

This project is to convert a large garage into a rentable studio in the back. I have the go-ahead from Public Works regarding the sewer system at the property- that is, it can handle an additional second dwelling. 

Now, I am looking for a local architect who is familiar with local codes and applying for a permit from the city. I am looking for professional designs and plans to submit to the city.

Any referrals for experienced architects would be greatly appreciated, direct message works!