All Forum Posts by: Taylor Green

Hi, I am about to close on my first rental property and it has a tenant under lease until Jan. 2015. My questions are: 1) do I have to write a new lease agreement or can the existing agreement stay in place. 2) can the rent checks be made out to my company even though i purchased the home under my own name. 3) if i can keep the same lease, do i need to present them with a document, or just inform them of where to send the check? 4)do I have to register the property with county or anything along those lines? Thanks...

Roy - thanks for the help. That cleared up a lot for me. By the way, nice to see a Canadian on here. (I was born in raised on Vancouver Island in BC).

Great responses. I really appreciate it... @Roy N. , did I understand correctly that you set aside 10% each year for deferred maintenance? If so, do you keep it in a separate interest bearing account?

Hi, I have been reading about the 50% rule and I use it for my rough analysis. My question is: Is he 50% rule enough to cover major expenses if you plan on holding the property for many years (roofing, AC, etc) or do you budget for those expenses when you see the time is near to replace. Thanks.

Thanks Al. That's a good idea... Do you recommend a small increase in rent every year or only try and boost rents when there is a vacancy? If unemployment rates and other factors remained the same...

Thanks for responding Joel. Do you factor in the 2.5-3% rental projection when your analyzing a multi-family.... Or do you stick to just the cash flow analysis? Thanks.

Hi, I am a new investor and have long wondered about rental appreciation rates. Specially rental appreciation rates on lower income multi-family properties (4plexs)... I know rental rates don't follow along with single family home appreciation rates, but I was hoping somebody could shed some light on this topic for me. Thank you.
Taylor Green