All Forum Posts by: Denis Davidyuk

How do you account for 1st months rent that goes to property management in your calculations? Do you just add a percentage to your pm? If so how much is appropriate to add, I guess this would depend on tenant turnover.

I am looking at Parma and Euclid currently

Thanks a lot Jad!

Yep Tom Ott I wasn't sure if that's what people are doing but then checked some rentals and that seems to be common.

Can anyone provide some estimates for single family houses? I am looking for typical insurance and sewer+ water and garbage costs? I know theres no way to know the true cost, but can you share what you typically pay or what you are paying?

@Martin Neal Thanks for pointing that out, but now the costs seem even higher. I think my insurance is too high but I am not really sure how much water + sewer go for in clevealand, any ideas for single family homes? And what would be a reasonable repairs + maintenance estimate?

I am trying to run some numbers on different properties and I don't know if I am running these numbers correctly. For example this particular house costs 59900 and rents for 1000 in Cleveland, which is 1.6% of the purchase price, yet it barely cash flows. Am I calculating something wrong?

tax 2367.5

ins 1200

lawn 504

property management 10% 1000

repairs and maint            10% 1000

capex                      5% 500

vacancies              5% 500

sewer water garbage       1300

principal and interest   2892

TOTAL = 11163.5

If the property management group takes 1st month rent then for the year the house will make 11k which makes this even cash flow negative. Is something wrong with my calculations?