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16 December 2024 | 12 replies
It seems like it will return ~$200/month pure cash after all mortgage payments, fees to Doorvest, maintenance, vacancy fees, etc., I will update the exact number in this thread in the future. - Here is how Doorvest works in general: The houses are only located in Houston.
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11 December 2024 | 5 replies
It will show the rent amounts, who pays utilities and expenses they know annually.
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18 December 2024 | 17 replies
Value add ( do you want to do reno/raise rents), or stabilized (income producing, lower maintenance).
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11 December 2024 | 7 replies
Being that my business is brand new, do I project business profit when they ask for the annual business income?
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17 December 2024 | 9 replies
We respond to inquiries, but if someone did the things you suggested to try to track me down instead of following the advertised protocol I would disqualify you as crazy or a potential stalker or just high needs or high maintenance.
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16 December 2024 | 9 replies
We have our maintenance tech go out to diagnose and fix the problem.
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14 December 2024 | 12 replies
Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.
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16 December 2024 | 14 replies
I see a lot of LL compare their old unit that hasn't been remodeled in 15 years and has delayed maintenance to some newer units.... they create a vacancy but jumping to what they see as market and that vacancy and remodel costs them tons of $$ that takes YEARS to catch up on with that jump to market.
16 December 2024 | 8 replies
However, these costs can often be added to your property's basis, which helps reduce capital gains tax when you sell the home.Once the property is officially a short-term rental, subsequent repairs and maintenance would likely qualify as deductible expenses.
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18 December 2024 | 25 replies
@Erlson Neba Much less stress and headaches than rentals especially for lower end areas where the ongoing maintenance will most likely diminish any return you may hope to make and where appreciation cannot be expected.