All Forum Posts by: Jonathan Satizabal

If it’s a lease you will need to wait. After that you can ask for an increase every. They should be releasing a rate sheet every year.

@Henry Lazerow, I am running the numbers as a self-managed investment. I only have six properties and one under contract so I feel like it's still manageable. I run cap-ex, vacancy, and repairs at 5% each. Which I think is pretty accurate looking at the past expenses from my other rental properties.

I figure if I shoot for 20% if I miss my numbers and it ends up being 12 or 15 I'm still happy. With buy and hold deals, as rents go up those numbers will look better. When you start adding in the principal paydown and a modest appreciation those numbers look even better.

I have a six-unit under-contract and it is in a more challenging neighborhood. It's not a lot better than a lot of places I have seen but it's definitely nothing to get excited about just a little something to keep the portfolio growing.

@Dave Poeppelmeier, We did apply for assistance and it looks like it was just approved. I need to wait on the check but it looks like they're going to cover five months of rent. This is some of the money that came from the Covid federal relief program. We might have lucked out, as far as the timing of everything. If everything goes well it will cover her until she is scheduled to go back to work.

I do try to keep up with the rental assistance programs out there because you never know what can happen.

Thank you, for everyone's input.

Yes, you are correct. They definitely look like it on the listing sheet. It's also hard to estimate how much cash you will actually be coming up with.

@Eric M.

I guess it depends on what you're looking for. I look for something in the ballpark of 20% cash on cash ROI on my rental properties.

I think that's good.

I'm starting to look for some flips but I haven't run numbers on those before, so that's a learning process for me.

@Sam P.

Hi Sam, hope you are doing well. I just came across this Rent Schedule for the HACC. I believe these are the base rent prices, they could add to this depending on what appliances you offer and the utilities that the owner covers.

https://thehacc.org/wp-content...

These are posted on the HACC Website. This is good information to look at if you own a rental property, or if you plan on purchasing another one.

https://thehacc.org/resources/...

That's pretty much what it comes down to.

Thanks Again

Thank You @Jay Hinrichs, AKA the Legend. I don't mind helping them out and I am pretty confident that they will recover after the Chemotherapy, but I guess you never know.

There is a limit to what is acceptable. I feel that the tenants that pay consistently and take care of their units end up indirectly paying for the tenants that can't or cause more damage and wear on the properties. I think it's my responsibility as the owner/ manager to mitigate the impact that these situations have on the property and the other tenants. Having less income means deferring some maintenance, cutting services and making sure that the rent increases are proactively put into place to cover some of these unanticipated circumstances.

I was thinking of waiving one months rent(it's only 925) and possibly putting them on a payment plan if they need it. In the mean time try to find some services or groups that can help her out. I think that would be the extent of what I am willing to do. Any thoughts?

They both have a butch of YouTube videos. Some of the information looks interesting. I can understand your point @Eric M. I am seeing more deals pop up. I guess I'll just keep looking, analyzing deals and be ready to pull the trigger if something good pops up.

@Jonathan Klemm, I think that sounds about right. It looks like they pull data from different sources and offer some skip tracing, market analysis and CRM services. I will do some more research. It might be worth it to have everything on one site instead of jumping around to different websites and spread sheets. I will take a look Clickinvest, it looks like they offer a similar product.

Thank You