A Burst Pipe Is Not a Weather Problem. It's an Operating Failure.
A month-by-month winterization checklist for rental owners in cold markets, covering heat, pipes, the building envelope, snow vendors, and vacant units.
Real estate, business, and execution
From the mind of Martin Perdomo. Plain-spoken notes on buying, financing and running real estate like a business.
A new post every Tuesday.

A month-by-month winterization checklist for rental owners in cold markets, covering heat, pipes, the building envelope, snow vendors, and vacant units.

DSCR is your property's income divided by its debt payments. Here's why lenders draw the line at 1.2 — and why operators underwrite above it, not at it.

An appraisal is an opinion. A failed listing is evidence. How lenders weigh appraised value against market price, and how to underwrite your exit.

High rates don't stop multifamily deals — they change who wins them. How to buy on basis, structure the debt, and use seller fatigue as leverage.
From Martin
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