All Forum Posts by: Dan Brainard

I'm in the process of buying a property with two separate houses on it. A 3/1 main house and a 2/1 house in the back of the property. The houses are not metered separately and the lot is zoned sfh and is located in Tampa Florida. Is it best to rent both houses to one party and have them be responsible for all utilities (this would probably mean sacrificing gross rent) or try to rent them separately and include utilities for a higher rental rates, but risk tenants being wasteful of light and water? Also, what legal implications apply in the latter scenario?

First time landlord to be. I'm looking to forecast and budget for 1) capital expenses relating to big ticket items (roof, hvac, appliances, unforeseen etc.) and 2) ongoing repair and maintenance costs. I've searched the interweb and all I can seem to find is "budget 1% - 2 % of purchase price/asset value per year for these." That doesn't really cut it for me. 

What I'd love is a list of common items I should expect to incur and their respective average cost or estimated cost. For example [AC replacement - $5,000 - 15 yr expected useful life] , [interior paint - $200 - 2-3 yrs or as needed per tenant turnover].  Maybe if someone has a matrix or spreadsheet they would share? Thanks in advance.

The asset will be:

located in Tampa, FL

Approximately $100,000

3/2  | +/- 1200 sq ft (heated)

Block