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21 November 2024 | 6 replies
Use an operating account for income and expenses, a reserve account for maintenance and taxes, and a high-yield savings account (HYSA) like Capital One's 4% APY for idle funds awaiting reinvestment.
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20 November 2024 | 13 replies
I just use the cash built up in the account to pay for maintenance etc.
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20 November 2024 | 13 replies
Then he said he wasn't going to pay since the maintenance was not done on this unit to his satisfaction ...
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20 November 2024 | 14 replies
If selling is on the table, a 1031 exchange could allow you to defer taxes and reinvest in properties with better cash flow or lower maintenance needs.Since repairs are mostly handled, it might be worth reviewing your rents to see if there’s room to increases/ways to improve cash flow.
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18 November 2024 | 9 replies
Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.
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19 November 2024 | 5 replies
One thing Airbnb and VRBO can not do is help schedule cleaning and maintenance tasks, owner accounting reports, and direct booking options that hosts need to go to next level.
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11 November 2024 | 5 replies
If you feel the need to let them know you will be taking care of any outstanding maintenance requests, that may be positive news for themGino
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18 November 2024 | 4 replies
It enables me to market properties effectively while also managing application screenings, processing monthly payments, and accepting maintenance work orders.
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16 November 2024 | 6 replies
The BP calculator uses a percentage for both cap ex and maintenance.
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10 November 2024 | 2 replies
The house is in good condition, AC and roof are 5 years old.Generally I keep $2000/year towards maintenance when I buy houses that are 5-15 years old in this price range.