All Forum Posts by: David Zheng

kitchen and bath are beautiful! nice work!

Thanks for the info guys :)

Yeah I've been doing a lot of the work myself or with a couple calls to handymen. Obviously the ultimate goal is to have it in complete passive mode where I'm not even looking at maintenance items except for once a month.

The thought of having a minimum 35-100 trip per trip charge is scary. I mean....3-7 of those could eat up all your profits. I do student rentals too so they call like once a week for small things.

first person I thought of was @Jay Hinrichs hahaha

I think you have at least one comment on every BP post. certainty every trending one ;)

Hi All,

got a question about property management just so we can compare numbers. I'm wondering how much most of you pay for the maintenance portion of your property management company. Do you pay just how much their handyman estimates. Do you get a set list of standard prices? Is there a minimum charge even if they're only on site for 10 minutes?

example 1: simple toilet clog. Handyman spends 2 minutes getting it unclogged. Are you being billed the $50/h rate at a prorated rate or are you handing over $50 as the minimum for such a call

example 2: a garbage disposal needs replacing. Are you getting charged $50/h for something that said they spent 2 hours at or do you get a set price list that says all garbage disposals are $75 labor+ $100 for the unit. (I can replace one in 20 minutes)

Thanks!

yeah theres a lot of missing info and numbers on this. 7.5% isn't a bad rate on an HML actually however if you really are already putting down 25% might as well get a legit commercial or conventional loan.

Looks awesome! Can I ask how long it took you from purchase closing date to sell closing date?

robbing a bank? high risk high reward?

I just finished a cashout refi at $2 mil. terms were 82% LTV, 6.25% 5 year loan on a 20 year amort

I wouldn't say I'm maxed leveraged with high LTV loans, but I do continue to cashout refi my loans (none more than once though) when I think they've appreciated enough to buy more properties.

I've been pretty consistent at a 75% LTV on my entire portfolio for 2.5 years now.

But I've increased my cashflow by 75% year over year. Its hard to stop you know

youtube really. but for other things that can be frequent problems. AC going out, broken garbage disposal, light switch not working ect. whenever the contractor comes out to fix the thing. I'll sit and watch and ask questions along the way. If it looks easy enough i'll do it next time and save myself a couple hundred for less than an hour of work.