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If the prospective tenant wants an elevator installed, what is an appropriate lease term to compensate for the cost?

A prospective tenant wants an elevator in the building. An elevator would cost about $750K to install. The building is worth about $5-6M unoccupied. The last tenant was paying about $450K/year in rent. If the tenant would agree to a long-term lease, I think that an elevator install makes sense. What would be a reasonable lease term for this kind of an upgrade? submitted by /u/No_Reveal3451 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r2s94e/if_the_prospective_tenant_wants_an_elevator/
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Help! Selling home in NJ

I’m the administrator for my mom’s estate. I’m selling her low income condo. The whole process has been a nightmare. Received the Certificate of Occupancy last month. Closing is scheduled for next week. I went down yesterday to make sure the pipes were okay since it’s been so cold. I left the thermostat on 62 and it was 62 when I got there. Turned the heat up and it went on for 1 minute and went right off. Long story short, I’m having a new furnace installed today. My mother didn’t take care of anything and the furnace is almost 30 years old. I’m 99% sure there will be an open permit. What do I do? I will be calling my attorney later. Thank you for any advice/help. submitted by /u/sunshore13 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r2qjxu/help_selling_home_in_nj/

How do real estate investors track income and expenses for multiple properties

Many real estate investors focus on deals, financing, and tenants, but keeping financial records is also part of understanding property performance. When managing multiple properties, tracking income and expenses can become more complex. Security deposits are usually kept separate from operating funds, and records are often organized by property for clarity. Some investors close their records monthly, while others review categories from time to time to keep information organized. How do investors here track income and expenses across multiple properties. submitted by /u/Chirag_koshti [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r2pbxt/how_do_real_estate_investors_track_income_and/

How do you track maintenance schedules?

Learned a hard lesson today. One of my rentals had an AC failure because I completely forgot to schedule the annual check-up/filter change. With 5 units, keeping track of "what needs to be done when" is getting messy. I tried Google Calendar, but it gets cluttered with my personal stuff. Is there a simple app specifically for tracking property maintenance schedules? Ideally something that nags me until I mark the task as done? I'm not looking for a full property management suite, just something to keep my maintenance and repair logs organized so I don't lose money like this again. Recommendations? submitted by /u/Rough_Split_7364 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r2oab5/how_do_you_track_maintenance_schedules/

Saint Joseph Statue

Has anyone every buried a statue of Saint Joseph in their yard to sell their house? submitted by /u/Ok_Molasses_8032 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r1ycic/saint_joseph_statue/

Who is actually paying for/managing the marketing assets on your new construction builds?

For the agents/brokers working new construction: Do you hire outside marketing companies for your visual assets (renderings, brochures, sites), or do you expect the developer to provide those? If you outsource, what’s the biggest "must-have" for you to feel like the marketing actually helps you close the deal? submitted by /u/Happy-Analysis-2433 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r1wy5v/who_is_actually_paying_formanaging_the_marketing/

Is this paint quote ridiculous or pretty fair?

’m in the process of getting my home market ready however I need some rooms repainted and trim work completed. I have about 6 rooms and the contractor quoted me 7k. To me this is crazy but this is also my 1st time selling my home after 22 yrs. Please advise if I should seek several more quotes. How do people afford to pay so much for the repairs before selling their home? submitted by /u/Inner_Watercress3333 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r1uopf/is_this_paint_quote_ridiculous_or_pretty_fair/

Under-construction or ready-to-move — what actually makes sense right now?

With today’s prices and delays, choosing between under-construction and ready-to-move homes isn’t easy anymore. Under-construction flats may look cheaper, but waiting years and dealing with uncertainty can be stressful. Ready-to-move homes cost more, but they offer peace of mind and immediate use. It really comes down to whether you prefer lower entry cost with risk or higher cost with certainty. What would you choose right now and why? submitted by /u/Clear-Syrup-9861 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r0ucpr/underconstruction_or_readytomove_what_actually/

I got scammed by Jojo Castillo of Lead Realty…

I was asking his help to find me a unit in BGC but we had a good transaction but later on he mentioned that the unit I wanted is already taken. I sent him a reservation fee x2 of my supposed rental payment. He was gone after. NEVER TRUST SOMEONE YOU MET ONLINE submitted by /u/Asian_Bandit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r029fu/i_got_scammed_by_jojo_castillo_of_lead_realty/