Kyle McShea
New Homebuyer Here! Questions on FHA Loan, Property Tax Assessment, and More
2 July 2024 | 1 reply
The assessed value is then multiplied by the millage for the county, city, and district that the property is in to determine the annual tax bill (divide the millage by 1000 to get 0.XXXXX, then multiply by the assessed value).
Dave Meyer
Door count is a terrible metric. Please stop using it.
7 July 2024 | 89 replies
Its an additional influence that will more than likely multiply it's value, above and beyond what I can do with management experience.
Jon K.
How much do you pay for drywall guys?
1 July 2024 | 58 replies
A drywall guy once told me that a quick way to calculate a whole house worth of work is to multiply the living sq footage by 3.5 then divide that by 48 sq ft ( 12 ft drywall ) and then multiply times per sheet cost.This is probably more applicable for new construction or full gut jobs.
Akshay Saxena
Which renter should I choose?
27 June 2024 | 7 replies
I would choose Candidate #2 providing you have acceptable verification of their income - bank statements that multiply out to what the past couple years tax returns indicate on the business.
Frank Greg
GC: Average Total Labor Cost on New Build
27 June 2024 | 62 replies
So to get "your number" take your materials total and multiply by 1.5 then use that as the base for your labor estimate.
Ben Russell
Question about using rents as income
20 June 2024 | 7 replies
Lease Agreements, Form 1007, or Form 1025When current lease agreements or market rents reported on Form 1007 or Form 1025 are used, the lender must calculate the rental income by multiplying the gross monthly rent(s) by 75%.
Oz Pariser
Is Rentometer a reliable measure of market rents?
17 June 2024 | 25 replies
When you enter the address of a property and the number of bedrooms and baths, Rentometer calculates the rent by multiplying the average area $/SF by the square footage of the subject property.For example, if the average $/SF for 3-bedroom homes in an area is $1.10/SF, and the subject property has an area of 1,500 SF, then the estimated rent would be:1,500 SF x $1.10/SF = $1,650/MoThe problem is that Rentometer, et. al., does not take into account the specifics of a property.Property Specific ExamplesProximity to nuisances - Property A, which is located next to Interstate 15, will have a lower rental price compared to Property B, even if the physical attributes of the properties are the same.
Jazzous Anderson
Separating Utilities Among Tenants
14 June 2024 | 14 replies
Water is easy - bill divided by total occupants at property (count everyone even children) then for each unit multiply the result by the number of people living there.
Jennifer Lopez
Short Term Rental Calculator
13 June 2024 | 22 replies
Here's my calculator: Determine what your weekly rent is going to be on the property and multiply it by 26.