Geez any issue in the rental almost always comes out to at least $500. Things have gotten expensive.

like
Posting as :
works at
You are currently posting as works at

$500? Everything we’ve had to do costs thousands of dollars… one time assessment for a roof on our condo… $6K… new water heater on my condo $4.5K (would have been $2K, but we went tankless)… kitchen and bath renovation to maintain market rent $25K…

Yeah buddy… owning real estate is awesome! 😂

like

lol yes those costs also. I’m talking about even the small things add up. Toilet replacements, water leaked outside repairs, etc

like

Do you have a property manager?

So what kind of expenses are you running that cost $500 each time?

I have been saying the same thing over the last 4 years (have owned and operated apartment complexes for several decades in New England). The minimum cost for an issue is around $500 for me as well. In 2019 the minimum was ~$200. One possible explanation: independent contractors are being replaced by large companies. For example, our old plumber would charge $200 minimum labor for a site visit, after Covid he retired and now we pay $500 minimum to the large company that is basically the only option in my area beside the remaining independents who have taken advantage of the lack of options and now also charge excessively (if you can even get them to call back/follow though). We have had several other contractors retire recently. The lack of new independent contractors seems to be the biggest issue, accelerated by covid.

Related Posts

It’s finally happened. I’ll be supervised by someone 25 years younger.

funnylike

Hi I am a Tax Analyst in EY GDS for my career growth what are the things I should give importance. By when do we get salary hike usually? EY.

like

Recruiting for IQVIA consulting currently, any comments on the company?

like

Inviting employees from Comcast offices in the United States, Comcast India Engineering Center and more to this bowl Comcast

Hey all, I am in my mid 20s and wanted to start learning how to ride. 1) Where do I start? Are there classes I can take? 2) What’s a good beginner sport bike?

likeuplifting

Let's build a playlist! Share what artist. songs or podcasts you like to listen to while spending hours writing endless amounts of code.

like

Has anyone come across market sizing, segmentation etc. research on enterprise software and ISVs? Have an interview coming up and saw that this was one of the mini case questions asked in prior interviews

Has anyone ever posted a general marketing position? We have an open position on our marketing team but we are unsure what type of position to offer. We have a wide variety of needs but don’t necessarily need to have this future person have all these skills. For example we need someone with great copywriting skills and also need someone who is great at digital marketing. This person doesn’t necessarily need to have both skills but if they did great, but if only one, great too.

like

Just here to say I’m so thankful we have this safe space. People who aren’t diagnosed generally have misconceptions about ADHD and its symptoms, and I’m so grateful we have this bowl to seek help, learn from one another, and sometimes just vent! With all the negativity in the world, this bowl is that one ray of sunshine I so desperately need, so thank you everyone for what you have done and what you’ll continue to do!

likeupliftinghelpful

I'm a part of PXT team, is it right to apply for diff roles internally at this time?

like

Is it good to join TCS or should I wait for couple of more years, cause of there re-hire policy.
I have 4.4yrs of experience and in TCS my technical rounds are clear but i am still waiting for HR round which is taking lot of time to schedule.
If i should join TCS then what package should i negotiate?
I am holding an offer of 15.2LPA from OPTUM

like

What's with Jon Snow and the dragon in the preview?

Stream of consciousness while watching:

like

Do you think Arya will die in finale? Any leaks?

like

I’m still holding out hope for the NK = Bran theory. My guess is that all of this is cyclical and Jon or Bran himself will rebuild the wall, only for a future NK to try again

I’m five years into this game and I still get panicky before client calls... All calls, really. How do I get over this?

like

How well does 1 year in a top 4 looks on the resume when trying to look for a software development role?

likefunny

Interviewed for final round, Paytm. Post few hours, received mail from HR regarding required documents such as salary slips etc. What does this mean? I’m confused.
FYI , salary negotiation is not happened yet.

Does studying for top consulting firms’ case interviews help in any way for interviews with other firms (e.g., FAANG case interviews) ?

like
like

Additional Posts in The Real Estate Bowl

What's the best city in UK to buy a buy to let property, with best returns?

like

Recently closed on a purchase between a land owner group and a NY based builder for 500 lots of of Florida.

We have similar buyers lined and looking for land owners leads.

Any real estate agent/attorneys with leads for land owners and/or builders please feel free to DM.

like

New strat folks.
1. Buy a condo complex.
2. Put the land under said condos into a land conservatorship (for taxes)
3. Rent condos at discounted rates (for taxes)
4. A small fee of the rent goes to a trust as a land conservation fee in perpetuity (for tax reasons)
5. Have another business generating revenue to offset this.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Whats the best website to compare neighbourhoods within your state? Combed thru Niche but looking for additional reviews of people who lived there

like

Got a letter of default and acceleration notice from bank who repurchased my mortgage due to what they thought was mortgage fraud but wasn’t. I’m contacting a lawyer but has anyone gone through this? I know they want it off their books and suggesting I refinance but my rate will increase and they’re demanding legal fees too

like

For those who use property management companies to manage your rental properties, what are the services that you really value and will switch out to a different one if not getting such services?

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

like

I’m planning on getting my real estate license this spring! My biggest hesitation is that I currently live downtown Chicago and do not own a car. I really do not want to buy or lease a car as the area I live in requires a garage spot to park. Is it realistic to believe that I can be a real estate agent in Chicago if I rely on Uber/CTA?!

like

Who has done FSBO? Thinking of doing it for 2 of my houses that I’m selling in the spring time.

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

I heard you need to show a net worth of 100% of the loan amount. Have you heard about this?

like

Can I get a commercial loan without 25% down?

like

Can I negotiate for a longer pre-approval period? I live in a hot market so likely will take longer than 60-90 days to secure something. Or does the pre-approval auto extend without a bunch more paper work?

like

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

Any one familiar with Ocala FL. Does it flood? Would you send your children to the public schools? Is it a good place to live and raise a family?

like

Is there an investment fund or group that anyone knows of? I heard of Fundraiser but it seems very convoluted. Looking for an investment group or development group to invest with

like

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

like

Looking to buy a studio in NYC (~600k). How low should I go below asking price when making an offer (especially given that the price went down 5% two months ago)? I’m thinking 15% below asking. Location is okay, no view, and a month to month renter in place. Thoughts?

like

Anyone got a loan with Guaranteed Rate? Started looking for a condo(Chicago) and keep seeing them pop up. Looks like they charge $1290 lender fee, but wanted to see if anyone had experience with them

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal