All Forum Posts by: Ryan Fox

@Hadar Orkibi - PM is Plaid Management.  There was a clerical error on the estimate they gave me which they admitted to, so it should be about $11,800

Garden or Townhouse style - garden style.  This is a ground-level unit.  All 4 units are attached, one on top of the other on each side.

Square ft: 850

Scope of work:

Entry Way

Paint walls, ceiling, and trim

Fix doors to laundry closet

Install LVT

Install new front door locks rekeyable

Kitchen

Recaulk countertop

Paint walls, ceiling, and trim

Fix back door light

Install new light fixture

Install new outlet and covers white

Install new kitchen faucet

Remove carpet

Install LVT

Install new stove

Family room

Paint walls, ceiling, and trim

Remove carpet

Install LVT

Bathroom

Remove flooring

Install LVT

Recaulk vanity and tub

Install new faucet

Install new toilet

Fix towel bars

Remove shower door (allow tenant to install curtain)

Bedroom 1

Remove carpet

Paint walls ceiling and trim

Fix closet doors to work

Install LVT

Bedroom 2

Remove carpet

Paint walls, ceiling, and trim

Fix walls (holes)

Fix closet doors to work

Install LVT

Re-hang door (door should be in garage, but new one may be needed)

General

Install new door hardware

Garage door inspection (garage door opener doesn’t work)

Bug bomb unit

Clean unit when done

Install new outlets and switch make them white

Check windows to operate

Other

HVAC (furnace needs new filter)

Dumpster service

Washer box hookups are loose

Snake sewer line

I bought a 4-plex about two months ago and one of the tenants just left.  The tenant had been living there for 9 years, so there is a significant amount of fixing up to do.  It's only a 2 bed, 1 bath.  I've been quoted $12,000 for this, but I'm interested in other quotes.  Can anyone recommend a reliable contractor?  

I also have a contact.  Feel free to PM me if you still need insurance.

@Logan Freeman- Thanks and Happy New Year! 

Congrats!  I've never heard of a property essentially meeting the "3 percent rule."

@William Robison - Are you noticing any difference in vacancy in smaller units (i.e., studio to 2 br) versus larger units (3 br and larger)?

It's hard to come by unbiased data on this, but does anyone have any access to data showing rental vacancy rates in MO, per county?  I know there's been growth of housing supply in the KC area.  There's also a lot of units on the market for rent now, seemingly more than prior years, even considering it's the middle of winter.  Year over year comparisons would be helpful.  

It's hard to come by unbiased data on this, but does anyone have any access to data showing rental vacancy rates in MO, per county?  I know there's been growth of housing supply in the KC area.  There's also a lot of units on the market for rent now, seemingly more than prior years, even considering it's the middle of winter.  Year over year comparisons would be helpful.  

@Sam Yi- Biggerpockets will close your account if you don't follow their terms of use policy.  

Congratulations!