All Forum Posts by: Gwyeth Smith

Has anybody done a ROI analysis on installing low flow toilets in their multi-family properties? I have a 13 unit that I am paying water on. RUBS is not allowed in the commonwealth of PA so I would need to sub-meter to pass that expense along. I have already installed low flow shower heads and am looking on what the utility savings would be on installing low flow toilets compared to the cost to install. The hold period is 5 years on the project. Any insights would be appreciated.

Gwyeth

@Grant Rothenburger,  for my other properties I used a local bank to finance a got "The Twenties."  20% down, 20 year term, 20 year amortization.  No interest only period.  

Here is a link to a sub-meter that has been recommended to me; https://www.daecontrols.com/.../water.../water-meters-pulse

This would not go through our water authority so there is still just one bill that you can then pass on proportionally.  It requires periodically reading the sub-meters and you may have to bill an average and then rectify any under/overages.  

Regarding RUBS, I am working with my property manager to assess using it through Appfolio.  Appfolio apparently incorporates RUBS into their management software but I have yet to fully dive into its feasibility for me yet.

I can't wait.  I'd like to learn more about the intricacies of agency debt, i.e. what qualifies the amount of interest only time, how their appraisers calculate value, when and how to utilize replacement and reserve schedules, etc.  My last acquisition was the first time I used agency debt and I now realize that I need a better understanding of its structure and to find ways to better streamline that process.  @Chris Policicchio @Christopher Rocco @Erich Beyer

@Natalie Schanne @Lance Lvovsky, @Ashish Acharya, @Eamonn McElroy.  Thank you for your insights.  Ashish, that was a pretty good one liner!!  I have spoken with my CPA about this but always like to get multiple opinions.  Thanks again.

@Costin I. - Thank you for the recommendations.  The building I am looking for an analysis on is a 13 unit MF.  I actually have looked into KBKG for my duplex and 4-plex.  I haven't done anything yet with it but it is on my to-do list!

@Daniel Hyman - Thank you for the reference.  I have reached out to him.

Does anybody have any recommendations for cost segregation companies?

Thanks,

Gwyeth

I am curious if classifying my spouse as a real estate professional can offset ordinary income when filing jointly. She does actually classify as such. We have rental properties in various LLC's and until recently were under the impression that the deductions we could claim against my W2 income was limited to her percentage interest in the LLC's (i.e. since we are 50/50 members in the LLC that only 50% (her share) of passive losses can be deducted against my ordinary income. Can anybody help clear this up for me? Thanks in advance.

Gwyeth

Hi Amy,

I have noticed it taking a little longer to place quality tenants as well but 3 months seems long.  I have properties in Bellevue and invest from a distance as well.  I'll PM you and give you some of my contacts in the area if you'd like.

Gwyeth