All Forum Posts by: Daniel Walski

When you all say that the management company handles the utilities what exactly do you mean? Obviously they pay the bill, but do they put it in their name or do I just change the mailing address on my account?

 This is basically exactly what I do. Don't become attached to the one deal, look for others that could be better and compare. 

Ask for the current owners P&L if they have them, and make sure all the tenants are actually paying their rent. If you have further questions feel free to message me or ask here, I'm happy to try and help.

Try making yourself a pro forma (projected) P&L for the first year or two, and then calculate ROI (net income / equity).

Looks like monthly revenue is $2,150, now try and estimate your monthly costs:

-Insurance

-Taxes

-Interest

-Utilities

Seems like a great deal, but people can only analyze so much with such limited info. The deal becomes less attractive if LTV is less than 80%.

Have recently looked into this and it seems most regulations just state that cameras cannot be inside or point into the units of tenants. You should be able to wire cameras up on the outside all you want. I personally have fake security cameras on the outside of my two properties (they're dirt cheap). 

Laws will vary by state and city, but it seems pretty standard that you can have cameras anywhere outside. Although it may not be illegal I would recommend ensuring the camera(s) are not pointed at a neighbors property, as this is just going to lead to problems.