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Results (8,923+)
Karen H Sothoron Core Capital REOs
9 September 2024 | 49 replies
We disputed the charges yesterday.
Nina Penuela What do you think makes a good property manager?
14 September 2024 | 32 replies
Negotiation Skills: Whether it’s negotiating leases, handling vendor contracts, or resolving disputes, strong negotiation skills can make a significant difference in operational efficiency and cost savings.In my experience, a property manager who excels in these areas not only helps protect your investment but also maximizes its profitability.
Glenn Czulada I just had a big house fire
27 November 2017 | 7 replies
Here is to a speedy resolution!
Saul L. Unbelievable Water Bill- Detroit
10 June 2016 | 33 replies
I would like to believe that despite some of the ominous forecasts above, I may be in a slightly better position as it has been the same tenant continuously over the entire period and they are still in the home- so no dispute as to who actually consumed the water and at whose expense it should be.This might not be the place for a rant - but on a more basic level I havent been able to understand why in the US water utilities always go with property and as such with the property owner when push comes to shove. 
Everett Marshall tax delinquent property in mississippi
3 May 2017 | 2 replies
The living son wants to sell and he lives in the same area as the house but he doesnt talk to the 2 grand kids so he doesnt know if they will agree to sell, some kinda family dispute.
Vlad Kuzin How many LLC members need to sign contract
15 October 2013 | 3 replies
Sometimes title companies want a copy of your operating agreement to make sure who can sign for a deal.If your operating agreement says all members have to agree to a deal you can still have a resolution signed by the members to allow only one to sign documents for a specific deal.
William Maschinot HomeVestors
15 May 2023 | 72 replies
It is a tried and true model in the business world, and I doubt anyone would dispute that it can work.The takeaway most of us have is that it's not something that is necessary for being successful in the real estate business, which I would argue is different than the typical retail/food franchise model.
Karolina Powell Questions to ask when touring a multi family
21 July 2024 | 12 replies
Ask about the maintenance history.Units: Visit as many individual units as possible to assess their condition and note any necessary repairs or updates.Structural Issues: Be vigilant about signs of water damage, mold, or pests, which could indicate larger problems.Safety Compliance: Verify that the property meets all local safety and building codes, including fire alarms, extinguishers, and emergency exits.Financial and Operational AspectsRent Roll: Request a detailed rent roll to understand current rents, lease terms, and tenant occupancy.Expenses: Get a breakdown of all operating expenses, including utilities, maintenance, insurance, property management fees, and taxes.Income Verification: Ask for historical income statements (preferably 12 months or more) to verify the revenue.Vacancy Rates: Inquire about the historical and current vacancy rates and how they compare to the market average.Tenant Profile: Understand the tenant mix, including residential versus commercial tenants, lease lengths, and tenant turnover rates.Property Management: Find out if the property is currently managed by a professional management company and if you will retain or replace them.Legal and ComplianceZoning Laws: Ensure the property complies with current zoning laws and inquire about any zoning changes that may affect the property.Rent Control: Determine if the property is subject to rent control or other regulations that could impact income.Permits and Licenses: Check that all necessary permits and licenses are up to date.Value-Add PotentialRenovation Opportunities: Identify areas where you could add value through renovations or upgrades.Rent Increases: Assess the potential for increasing rents based on market rates and property improvements.Additional Income: Explore opportunities for additional income streams, such as laundry facilities, parking fees, or storage rentals.Environmental ConsiderationsEnvironmental Hazards: Check for any environmental issues like asbestos, lead paint, or underground storage tanks.Flood Zones: Verify if the property is in a flood zone and the implications for insurance and risk.Questions to Ask the SellerReason for Selling: Understand the seller’s motivation to gauge the urgency and possible negotiation points.Recent Repairs and Improvements: Ask about any recent capital expenditures and future planned repairs.Tenant Relations: Inquire about the relationship with tenants and any ongoing disputes or issues.Due DiligenceProfessional Inspection: Hire a professional inspector to conduct a thorough examination of the property.Appraisal: Obtain an independent appraisal to verify the property’s market value.Legal Review: Have a real estate attorney review all contracts, leases, and legal documents related to the property.By covering these aspects, you’ll be in a stronger position to make an informed decision about your potential investment.
Drew Cameron Heloc to pay off mortgage faster
30 March 2023 | 685 replies
If that is what you are disputing then I am confused.  
Ryan Hurst Property Managers - are they worth it?
22 March 2021 | 24 replies
Keep in mind managing an Industrial/retail tenants is a lot easier then a residential 4 flat...in commercial management personalities are more professional and you will never get a domestic dispute call on the weekend when managing a retail building.