All Forum Posts by: David Lopez

Do you really think a tenant will go through the whole process & the expense of moving  to save $25.00? Pack and move a whole house, move your kids to a new school, find just as nice place with a backyard for your dog? 

All markets are different but taxes, insurance, and what it cost to maintain a property always goes up!! Minimum 1% to 4% raise each year.

Each situation is different. It is best to raise every year to let your tenant know that your cost go up every year. Look at what the rest of the market is. Raise 3 to 5 % every year. I always keep it below the the highest comparable. Make sure your property is in great shape and maybe add some small landscape or new blinds to keep the property fresh.

Any updates on this topic?

Becca F, This is a long term plan. Cash flow is not the plan. The plan is long term appreciation.

Is there a online calculator online where you can punch in all these numbers and see what the deal would look like now, 10, and twenty years? Also show, cash flow now, later and refi and tax benefits?

Thank you for sharing.  

Great information!!! Yes, spend a little hourly mousy to educate yourself. Had a CPA for taxes for years. Now in retirement and learning and doing some of the stuff myself.

Thank you!!

Thank you for your answer.  Better to get it done right the first time. I will keep looking for a service to review my taxes.