Framing over Concrete Walls: Part 6 – Landlording TV – #42

Continuing our Apartment out of Warehouse space series, in this episode we begin framing our first apartment using a Paslode Cordless Framing Gun and the Duo-Fast Concrete Nailer to fasten our walls to the concrete floors and walls, and show off our new Boots by CAT Footwear.

Converting Warehouse Space into Apartments: Part 5 – Landlording TV – #41

Continuing our Apartment out of Warehouse space series, in this episode we begin framing our first apartment using a Paslode Cordless Framing Gun and the Duo-Fast Concrete Nailer to fasten our walls to the concrete floors and walls.

How to Pour a Concrete Floor – Landlording TV – #40

Continuing our Apartment out of Warehouse space series, in this episode we pour our concrete floors for a nice new level surface to begin framing off of.

Actual costs so far: $5,021.64

Converting Warehouse Space into Apartments: Part 4 – Landlording TV – #39

Making sure the drains are holding water is important! We had everything inspected, and we were holding water perfectly. We finished clearing off the ceiling and got our forms ready for concrete!

Actual costs so far: $1,230.04

Converting Warehouse Space into Apartments: Part 3 – Landlording TV – #38

Today the focus is cleaning the floors and prepping the ceiling and walls to get ready for real construction! ALL of the old power had been live, so carefully taking down old power cables, switches and boxes was a major accomplishment for the day.

Rental Agreements and Invoicing in 2 minutes flat! – Landlording TV – #37

The official sneak peak of Pro accounts in RentCheck Landlord Software. The PRO and MOGUL accounts will be open for signup starting May 28, 2010. For one week only they will be HEAVILY discounted for the entire time you have your account open! Quickly make State-Specific Rental Agreements and Monthly Invoices, as well as instant access to Printable Forms you use constantly such as Lead Based Paint Information Packets and Rental Applications!

PRO Account: Manage up to 20 Units, ONE WEEK ONLY $14.95 per month! (Then goes to $19.95 p/ month)
MOGUL Account: Manage up to 99 Units, ONE WEEK ONLY $39.95 p/ month! (Then goes to $49.95 p/ month)

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Converting Warehouse Space into Apartments: Part 2 – Landlording TV – #36

Today Justin Palma adds the drains to the second section of the warehouse to get ready to pour concrete!
Actual costs so far: $319.89

How to replace a Furnace Control Board – Landlording TV – #35

Furnace Repair seems to be the most feared of all typical Landlord repairs, but in this episode we show you there isn’t anything to be afraid of as we replace a fried Furnace Control Board. In the episode we replace a Courier’s, but it’s pretty standard across other brands for Hot Air Furnaces. Being able to diagnose and replace the board yourself will EASILY save you $500 – $1,000 by doing it yourself in 10-15 minutes!

Converting Warehouse Space into Apartments: Part 1 – Landlording TV – #34

FINALLY after 2 and a half years, we are ready to start construction on the bottom portion of the Creamery building. 1,344 sq ft of nothingness is being converted into 2 apartments: a one bedroom and a 2 bedroom, as well as a Coin Operated Laundry area! The question is, can we do all this construction in a 12 month ROI budget?

Capitalization Rate: Not just for buying properties! – Landlording TV – #31

When buying rental properties, the single most common formula used is the Capitalization Rate Formula. But when selling a rental property, don’t forget to run this formula on your numbers! Compare your property with others listed in your area with the Cap rate, and price your property aggressively do get the highest Cap Rate in your area!

Landlord Lessons:

• Use the Capitalization Rate Formula when buying AND selling rental properties!
• The Cap Rate formula is not the end all be all, use it to narrow down your search when buying rental properties, but switch to more complex formulas for further analysis – more on this to come!