All Forum Posts by: Alan Roebuck

Thank you all for your replies. I had thought that there might have been one industry-standard method that I had not known about, but your suggestions all make sense.  

Matt W., I particularly like the method you mentioned. That some judges use it adds particular weight. 

One of our single-family-home tenants is renewing her lease. The new lease will take effect on October 23, and the new rent is higher. So her total rent payments for October will be 22 days under the old rent and 9 days under the new rent.

My question: Is there a legal requirement to prorate by assuming a 30-day month?  Since October actually has 31 days, calculating the per-day rent by dividing by 30 actually increases the total rent the tenant would have to pay. Calculating the more accurate rent by dividing the monthly rent by 31 actually gives the tenant less rent to pay, but I want to do it legally.  And if it makes a difference, the property is in California.

Any insight would be appreciated.

I'm also looking for a good asset protection attorney in the San Diego. 

And I'm a Bigger Pockets newbie.  Does the "PM" in Manny's comment refer to a specific BP thing for contacting members, or does it just mean "I'll send you an email"?

Could the MIRR be used retrospectively, to judge the profitability of an investment you've had for several years?

My wife and I have owned a couple of single family homes as rental properties for a few years, and we want to get some hard numbers on how valuable they are as investments. Someone recommended the IRR as a way to measure profitability, but all discussions of IRR that I have seen are for a prospective investment.

Thanks for the reply. I will definitely look into it.

Got a question about calculating total ROI. We have a rental property and after owning it for about a year we put around 35K into major renovations. That was two summers age. When calculating total ROI you divide by the cash basis, but if we calculate the ROI year after year, do we always divide by the same denominator (down payment plus later renovations) every year, or do we look at the major renovations as a one-time event and go back to dividing by just the down payment a year after we made the renovations?

Or am I not asking the right question?  Any insight here would be appreciated.