@Anthony Thompson
Hi,
-I estimated 3k for any unexpected repairs that were not accounted for. Do you think that’s reasonable?
- I went of Rentometer.com, and I saw that the average rent for a 2-bedroom is around $1,000 to $1200 a month. Since I have not physically seen the house, I assumed that with all the units already renovated the rent would be about 1100 a month. I am still waiting for more information in regards to how much the current tenants pay a month for rent. Is that the proper way to go about it?
- I am still searching for a good property management company. I do not have any experience with C Area, but I hope that with a good property manager, I can get the learning experience and knowledge that I need to operate a multi-family home in that properly are. What do you mean by a spreadsheet? By the look of the area trend, it seems there is much trending in the area which that was an excellent question because when I was searching for properties, I did not take in consideration of the area trends.
Thank you so much for the feedback you brought up some great point that I overlooked. Hopefully, my analysis was not the worst you ever been. Thank you.
