@rohindhar We sell & install interior residential doors. The change to new, solid doors with great hardware is worthwhile & updates the feel & look of the entire home substantially
@realfrugalmogul Just tell them what you’re doing & that they’re out a shower for 2 days. Don’t mention concessions. They’re usually happy to have repairs & consider it a free upgrade
Sunday 3pm
Wife dragged me to an open house in our neighborhood
Nice place
4 bed 3 bath
Listing price $875K
The realtor said "it's a great investment"
I said "what's the cap rate"
She said "excuse me?"
I said "what's the net operating income as a percentage of the purchase price"
She said "this is a home not a rental property"
I said "everything is a rental property if you run the numbers right"
My wife grabbed my arm and said "we're just looking"
The realtor smiled
I asked if the seller would provide trailing 12 months of utility expenses and a maintenance capex schedule
She handed me a brochure with photos of the kitchen
No financials
No diligence materials
No QoE
And people wonder why residential real estate is inefficient
My wife said "you ruined it"
I said "I improved the process"
We are not buying the house
Sent from my iPhone
@6abcadamjoseph We advertise on your news; it’s worth it. You’re all creating a great product & the return is much better than other locals.
The halftime show was great. Best to your family & hi to Karl.
@rohindhar We sell & install interior residential doors. The change to new, solid doors with great hardware is worthwhile & updates the feel & look of the entire home substantially
@rohindhar We sell & install interior residential doors. The change to new, solid doors with great hardware is worthwhile & updates the feel & look of the entire home substantially