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Welcome Janet. Since you are a financial advisor, you might also find the sister site chartingyourwealth.com of interest to you. Are you a CFA? I am thinking about going down that path as well and would appreciate any insights you may have.

There is another way to become a member. You can enter your mobile phone number on the gmail website and they will text message an invite number to you.

One really cool feature of gmail that I like is the ability to have your email address show up as anything you want. So if I wanted, I could send email from my gmail account and have it show up as [email protected]

This was exactly what I was looking for. As an editor of a stock investment newsletter, I would be able to contribute more on your new website. Wishing you the best with ChartingYourWealth Josh.

Biggerpro, it took me a while to realize that the graphic was someone in a big pocket with money streaming out. My first guess was that it was someone drowning in water while attempting to clutch at a straw or rope.

How about replacing it by showing the back pocket of a pair of jeans with a glimpse of some cash coming out of it.

I noticed that Bryan. Looks like you did an excellent job with that house.

I pulled them out of thin air All Cash. Just kidding.

I should have worded my post a little differently. The amounts I posted (as you corrected) are income. However over a ten year period, after interest and expenses he ought to be able to build equity unless certain exotic means of financing were used. Not considering the recent runup in prices, housing generally keeps pace with inflation and building $100,000 in equity after 10 years does not sound far fetched to me.

But like I stated before I am a novice and feedback such as yours is appreciated.

Thanks for the feedback. These numbers are a whole lot less than I had imagined. I am sure the percentages vary by area and type of property management firm. The use of software to reduce costs also sounds like a good option.

All Cash, that was detailed and honest analysis, but it looks like you overlooked one important point. His current tenants are building equity for him even if he does not have great cash flow right now. For the first property, after 62 months (your break even point), he would have built $56,754 in equity and on the second property using a similar reasoning he would have built $89,148 in equity. After paying interest and expenses he should still be ahead by at least $100,000 over a 10 year period.

Most people who start off as real estate investors probably get rich through the equity they build over time and cash flow only makes a difference in the later years. This is coming from a novice so feel free to correct me if I am wrong.

It would be great if you guys put up before and after pictures. :D They always seem to have the greatest impact.

I was recently speaking to someone who owned a vacation condo in Hawaii and was quite shocked to hear that his property management company charges him 50% of his rental income. He was however very happy with the arrangement thanks to their excellent service and high occupancy. Moreover this is a condo in a prime location and I would expect the rental costs to be quite high. I have also noticed a proliferation of vacation houses along the Oregon coast, especially in the Lincoln City area.

I was wondering if folks on this board could provide some feedback about property management fees in their neck of the woods. I am interested in learning more about property management fees with regards to residential units, duplexes, multiplexes and vacation rentals.