Eric Inigo
Experience or thoughts on Homeroom?
14 June 2024 | 101 replies
For a total gross rental income of $3,300.PITI will total $1,364$561 for 5% maintenance, 5% CapEx and 7% vacancy allowance (HomeRoom gives 10% vacancy as a general estimate but my property is the best location of all the Indy properties, close to downtown and UIPUI campus, and discounted compared to room rates at other houses so I don't expect 10% vacancy) The house just underwent a complete top to bottom gut reno with new everything including roof, sewer, electrical, appliances, etc, so I'm budgeting low for CapEx.$495 for 15% property management.That puts total expenses at $2,420, out of GRI of $3,300, for a monthly cashflow of $880 (11.7% CashROI).This also leaves plenty of room for future rent increases.
Carlos Ptriawan
as unemployment would be 100% going up next year and higher chance of recession
20 June 2024 | 245 replies
Of course he knows something is breaking somewhere where he needs to switch course asap lol I'm an electrical contractor for tech in hardware manufacturing and tertiary companies.
Ismael Ayala Jr.
Local housing authority paying less than the HUD 90-110% standard for local zip code?
14 June 2024 | 1 reply
Therefore, if the tenant must pay heat, electric, hot water, cold water, sewer or trash, their rent assistance would be lowered to accommodate the tenant utility payments.
Sam Ghi
Exceptional Credit Score
15 June 2024 | 17 replies
Is there a managing company on green renewable energy on cheap/free land or water, selling electricity per kWh and selling carbon credits, leveraging preferential rate financing and tax reduction for green energy ?
Jeff Cliff
Solar panels, Utility bill, NEM 2.0 and renting
13 June 2024 | 0 replies
My solar system was grandfathered into NEM 2.0 with Pacific Gas & Electric (PG&E).
Jason Strauss
General Advice on renting my property
14 June 2024 | 17 replies
A company comes out twice a year and inspects the AC and replaces the filter (very important if in a high temperature area), inspects the plumbing and electrical, and provides feedback regarding any potential issues.
Kayl Kam
Out of state STR
13 June 2024 | 10 replies
Starting from the basic, a house has laundry and a refrigerator and a place to eat, to be with your family.
Joe Smith
Financing Land/New Build During/Just After Flip
13 June 2024 | 9 replies
What I had in mind was having a builder handle foundation, framing, roofing,electrical, plumbing, etc.
Kevin McKittrick
Outlets aren't grounded, does the landlord or tenant need to pay?
12 June 2024 | 27 replies
@Kevin McKittrick Well in my opinion an electrical upgrade should be paid for by the owner of the property.