All Forum Posts by: Marcee Stephenson

I invest in Northeast Ohio and switched to a great CPA firm two years ago that not only has great experience with rental real estate, but also a fiduciary and has been extremely helpful in positioning us for future retirement, including social security.

If you would like their contact information, please message me.  Thanks.

@Ley Nezifort

We used to give tenants a $25 gift card each year. Rarely would I get a thank you, and have never gotten a gift in return. I am not expecting a gift, but now feel that a gift provides little benefit to my business.

This year I am giving gift cards to my handyman, real estate agent, and very patient tenant (long time to finish repairs due to mischievous squirrels).

I may still send a Christmas card with handwritten note.

My investments consist of SFH and duplexes in the price range of $40-$60K. Most of the units cash flow $190-$250 per unit. Our cash position in these is 20-25%.

I've been approached about buying a huge duplex (2269 sq ft) with a single and 4 car detached garages.  The price tag is significant at $210,000.  When I run my numbers, based on the current rents it barely cash flows, But with the current owners increases that will go into effect Jan 1, 2020, I would be cash flowing $250 per residential unit and $100 total on the garages per month, and that is at a price of $195,000, not $210,000.

My question is does it make sense to buy this large of a property yet still get the same cash flow as my $40-$60K homes?  Seems like a lot more risk for not enough gain.  Or, do you see it only as how much "cash" I have in the deal vs the monthly cash flow?

Any thoughts on this would be helpful.  Thanks.