
6 June 2025 | 15 replies
Hell, even if you can prove this it still may not hold any weight.Get the mold remediated and fix the structure and craawl space items that are damaged.

15 June 2025 | 33 replies
I capture the receipts as soon as I leave a home improvement store and it has saved my butt because those receipts pile up fast when you're in active renovation on multiple properties.

12 June 2025 | 4 replies
Caveat is if there are safety items like 30 units need secondary fire access road, so the phase that hits 30 units also has to be the phase that builds the secondary access road if it isn't in yet...that kind of thing.

10 June 2025 | 12 replies
Depending on the state, you may have to store their stuff for a while.In the meantime, if you can do a cash for keys (i.e. pay them a little so they'll leave early) it would be wise to do that as the eviction process is usually long and costly.

20 June 2025 | 11 replies
Also add items to your lease that are particular to your property. such as parking, number of vehicles, cameras, pests, lawn care, renters insurance required, whatever.

30 May 2025 | 5 replies
Negotiated through an agent using items found in the home inspection as well as local comps.

6 June 2025 | 8 replies
Here's the sequence we typically follow:🏗️ Interior Rehab SequencePre-Closing PreparationScope of Work: Conduct a thorough walkthrough to identify structural issues, outdated systems, and cosmetic updates needed.Budgeting: Develop a detailed budget, including a contingency for unforeseen expenses.Permits: Obtain necessary permits to avoid delays.DemolitionSelective Removal: Remove outdated or damaged materials while preserving elements that can be reused.Site Preparation: Ensure the site is clean and safe for the upcoming work.Structural Repairs & FramingFoundation & Framing: Address any foundational issues and modify framing as needed for new layouts.Inspections: Schedule inspections to ensure compliance with building codes.Mechanical, Electrical, and Plumbing (MEP) Rough-InsSystems Installation: Install or update HVAC, electrical wiring, and plumbing systems.Inspections: Conduct rough-in inspections before proceeding.Insulation & DrywallInsulation: Install insulation to meet energy codes and improve efficiency.Drywall: Hang, tape, and finish drywall, preparing surfaces for painting.Interior FinishesPainting: Apply primer and paint to walls and ceilings.Flooring: Install flooring materials, ensuring they are protected during subsequent work.Trim & Millwork: Add baseboards, crown molding, and other decorative elements.Cabinetry & FixturesCabinets: Install kitchen and bathroom cabinets.Fixtures: Mount sinks, faucets, lighting fixtures, and hardware.Appliances & Final TouchesAppliances: Install kitchen appliances and test for proper operation.Final Inspection: Conduct a thorough walkthrough to address any punch list items.⏱️ Timeline & Efficiency TipsProject Duration: Aim for a 3–4 month timeline, adjusting based on project scope.Scheduling: Use project management tools to coordinate trades and avoid downtime.Communication: Maintain clear communication with contractors and suppliers to ensure timely deliveries and work completion.📋 Tools & ResourcesProject Management: Utilize software like Trello or Asana to track progress and tasks.Checklists: Develop standardized checklists for each phase to ensure consistency across projects.Budget Tracking: Use spreadsheets or financial software to monitor expenses and stay within budget.

10 June 2025 | 7 replies
Absent those two items, sounds bookkeeping and basis tracking might actually yield your best results (paired with someone who does a lot of 1031x)

2 June 2025 | 2 replies
It helps to confirm what we had written is clear and to the point about each item in the lease.

2 June 2025 | 11 replies
Almost all the cash flow analysis I see does not take into account a reserve for replacement of items that wear out.