All Forum Posts by: Mustafa Abdulali

@Matt Devincenzo

@Josh Caldwell

Thanks for the answers!  

Newbie question here. As I research REI I keep coming across the term "per door" but it seems to have different definitions. Let's assume we are talking about a typical 3/2 single family.

In one article it is suggested to allocate $100 per door/month for maintenance for each door (not sure if that only applies to multi-units or single family).  Does that mean I should allocate $500 or $300 per month for maintenance?

In a craigslist post a seller talks about "rental door" and defines that as the number of front doors (the ad is for several triplexes).  In this case he has a Triplexes and states "3 rental doors" but each unit is a 2/1.  Should he state "9 rental doors?"  Would my maintenance cost on the triplex be $300 per month (front door) or would it be $900 per month ($100 for each bedroom and bathroom door in the building)?

I want to make sure that I use a valid rule of thumb when evaluating property.  

Thanks!

Hello all,

I've been researching real estate for several months and have been reading as much as I can about how to do an analysis of properties. My realtor just sent me a listing for a 2/1 Villa in the East Naples area for $149,900. It has an HOA of $325 but that covers landscaping, pest control, water, irrigation, insurance, sewer, street maintenance and trash removal. The place won't need any renovation and the buyers are willing to include all the furniture.

I'm struggling with calculating the rental income. This area is predominately seasonal rentals (Jan-April). I think I can get $2500/month during the season and maybe $1200/month off season (at least based on my research). What I don't know how to do is calculate the vacancy. This is my first investment property and I'm not familiar with seasonal rentals and how to go about doing them. I downloaded @J. Scott SFH analysis spreadsheet and filled out the numbers and the cash flow was positive (I summed all the rents and divided by 12 to get an average rent of $1500).

Any other Naples based investors that can help me understand the vacancy rate for a seasonal/non-seasonal property?

Thanks for your help!