All Forum Posts by: Vishal Didwania

@John Warren thanks John. I will definitely use them next time. 

@Shawn Pottschmidt thank you. I ended up getting it from Home Depot. The prices were all similar. 

@Brian Horwitz thank you. With the current sale prices doesn’t make a lot of sense to get a used one. Thanks for the info!

Hi all looking for some recommendations for a reliable oven range for my SFH in South Bend. My property manager said they usually buy from the local Lowe's. I know from previous posts some people had suggested getting one from a used appliance store but the PM had recommended against that as reliability might be harder to predict.

I was looking at the electric ones with a smooth top to minimize mess getting inside and maintenance. Any preference for a reliable brand? There are some sales going on right now so will save a little money. 

This one seems decent at $430

https://m.lowes.com/pd/GE-Smooth-Surface-Freestanding-5-3-cu-ft-Electric-Range-Black-Common-30-in-Actual-29-875-in/1000041023

Thank you!

@Michael R. Please send me a message and I would be happy to send you over some information. Thanks for the mention @John Warren

@Ryan Murdock - thanks. I agree. I'll try to figure out a good language for the lease that minimizes my liability as much as possible.

@Shawn Pottschmidt - thank you for the tip. I will reach out to him. Good to see that he is local. I will reach out to him. 

@Danny Randazzo - i agree. just wasn't sure i could actually force anyone to get it especially in the South Bend rental market. 

@Amy Beth - what rental market are you in? is it C class? what are your typical monthly rents for a 2 bd/1 ba where the tenants are paying for their renter insurance?

Thank you all for the feedback!

@Marcin C. @Ryan Murdock @Andre Simon thank you for the feedback. I agree that I would love to have the tenant get renter's insurance and everything I've read supports that. i guess i wasn't sure if the south bend market supports it. the SFR in probably a B- neighborhood but most of the other area is C/C+. For those of you having properties in a C class neighborhood have you had success with tenants getting a renter's insurance or opted for having language in the lease deferring the liability?

Hi everyone, I recently closed on my first SFR in South Bend around the holidays. Trying to get everything setup including a tenant. I'm using Cozy.co and it seems to be a fairly easy and user friendly site to use. It allows me the option to require the renter to get Renter's insurance. Wanted to get other peoples opinion regarding this.

Do you require your renters to get this insurance either for a SFR or MFH?

If not, what specific language do you use in your lease to defer the liability?

Thank you!

@Matt Shields - that's good advice. I've heard that before but it definitely wasn't on my list of things to double check. Thank you.

@Stephen Sokolow - thank you. that's is one of my biggest fears being out of state investor with my first purchase. I will definitely reach out to you if I have any questions.

@John Warren - figuring out what to rehab and not is very challenging. I've read horror stories of people going overboard and trying to make it into a place that they would like to live instead of what good for the local rental market. Thank you for your thoughts!

Wish me luck!

Hi all, I just purchased my first SFR in South Bend a few days before the new year meeting my goal of purchasing my first investment property prior to the new year! I am very excited and hope I don't screw it up from here on out. Wanted to get some advice from the community.

It's a small home at bout 800 sqft with 2 bedrooms (10 x 10 each), 1 full bath, common room, kitchen, laundry area next to kitchen. Do not need to do gut rehab or replace anything major likely electrical, HVAC, water heater, roof, etc. The rehab quote I got is as following:

Since fixing up the cabinet vs replacing is not much of a cost difference I'm leaning towards just getting new ones. Are these numbers reasonable?

On a separate note I have just setup a LLC and looking to get other investors to invest with me. For others who have this setup how have you guys setup the distribution in regards to finders fees, monthly percentage cut for yourself, and distribution of profits? In the beginning do you distribute the left over profit or use it to grow more?

Thank you and any help is appreciated!!