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11 January 2025 | 49 replies
In setting up the platform I have connected with someone local in the area and that will be my 1st point of contact and I could share his info for you to reach out.
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4 January 2025 | 7 replies
Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.
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7 January 2025 | 22 replies
I live and invest in Milwaukee since 2007, so probably a little bias here, but we are set up very well for future growth.
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6 January 2025 | 7 replies
A small house or duplex for my grandson, a set it and forget it type of investment.
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4 January 2025 | 26 replies
I would only add these two: FIRST - people constantly ask which algorithm to use to get their prices set.
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8 January 2025 | 7 replies
These days, DSCR loans are really the go-to product for investors but many different lenders have overlays and specific sets of rules in their playbook.
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11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
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12 January 2025 | 21 replies
Then call the warm leads yourself to set up viewings.
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4 January 2025 | 20 replies
You are in control of how the set up works, if you need interior designer help.
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11 January 2025 | 15 replies
Assuming you already paid for the first occurrence, if it happens again and the plumber doesn't find anything wrong then, yes, the tenant should be responsible for the invoice.Your PM should be setting those expectations when they communicate with your tenant."