
17 March 2020 | 10 replies
It's a B class area with mostly older homes so most competition have hardwoods).3) Lay LVP through the whole unit and cover existing hardwoods (may be more expensive but definitely more durable over the long-run).Either way, the hideous parquet has to go!
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
26 March 2020 | 54 replies
You could try to pay someone else to do the showings or ask the existing tenant if they are willing to do so for a discount in the rent.

19 March 2020 | 41 replies
Anyway, this New Virus is obviously nasty but nasty viruses will always exist.

17 April 2020 | 18 replies
If they were smart they would handle existing cases and delay some of the new cases.This is changing on a day by day basis and until the dust settles, who knows what is going to happen.

22 May 2021 | 27 replies
I would say that most Tenants would be receptive to this arrangement especially if you have built a good rapport and relationship during the tenancy I also have such a strategy in mind and did it several times with our existing tenants in Chicago.

18 March 2020 | 6 replies
I pretend it doesn't exist.

17 March 2020 | 2 replies
The lowest bid we've received is for $4,600 for tear off and replace with 3-tab asphalt shingles, $3,275 for another layer on the existing roof, or $2,975 if I strip and haul off the existing layers and replace any damaged sheeting. 1.
18 March 2020 | 9 replies
I had a tenant tell me I needed to install an overhead light in the living room, where none as ever existed.

3 May 2020 | 46 replies
If we go into recession, he is right to worry about the future of solar in the next year or two.For note investors, the same problems that existed before with non performing notes are still there.