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20 February 2025 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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26 January 2025 | 2 replies
You also have to ask about delivery costs and more.LABORLabor charges are trickier to understand, but Google AI to the rescue!
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4 February 2025 | 4 replies
It doesn’t cost you anything and gives the tenant time to rearrange their entire life around your decision.
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7 February 2025 | 6 replies
We cap the rate for utilities and actually added about 10% above our normal average this past year due to rising utility costs in our area for gas and propane.
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31 January 2025 | 27 replies
Way better returns on the cost seg than you'd ever cash flow from an LTR.
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27 January 2025 | 0 replies
I own a duplex in Clermont, FL just outside of Orlando and initially wanted to split water meters between the two units, but the cost and amount of work were higher than expected.
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26 January 2025 | 15 replies
Yes we avoid custom work to help keep cost down.
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29 January 2025 | 6 replies
That's not the same as paying cash.According to a different post, your credit card debt costs you $600/month.
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8 February 2025 | 10 replies
This is unlikely to be profit, this is to cover your costs on the backend at move out.Secondly, find a good pet addendum and have them sign it.
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6 February 2025 | 3 replies
in 3 years you can pay off any mortgage 500,000 or less for $1,500 bucks.. or in 5 years a $477,000 mortgage for $100..I am implementing something new for the real estate industry, primarily to mortgage holders & the rent to own industry, as a shorter-term approach to be mortgage free, without cost being an obstacle ..