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8 November 2024 | 22 replies
From my understanding the 15-18% IRR promoted by syndicators generally does not include these tax benefits either, so it is still a fair comparison.AssumptionsI had to make a few assumptions about the property and mortgage interest rate:Property value = $180,000Rent = $1680Mortgage Interest Rate = 6%I also made assumptions related to other costs such insurance, taxes, property management, maintenance, capital expenses and vacancy.
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3 November 2024 | 15 replies
You only need a place to track tenant information, payment history, maintenance, etc.
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31 October 2024 | 0 replies
You can achieve this by regularly checking the Search Terms report, routinely searching for your brand on Google, and pulling the actual keywords that are converted in your CRM.
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4 November 2024 | 13 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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2 November 2024 | 19 replies
Is the maintenance from the snow issue or something else?
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3 November 2024 | 3 replies
I would like to get something setup to help connect all of the different teams you would need to do a full job from finance to maintenance and everything in between.
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3 November 2024 | 3 replies
Biggest challenge is actually maintenance, finding workers you can trust.
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3 November 2024 | 7 replies
They're cheaper, you can do your own maintenance and if they break, you buy a new one!
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3 November 2024 | 10 replies
Even if you could count on the 5% increase per year you mentioned, I would be shocked if your taxes and insurance increase per year was less than that.Roof 2 years old might need to be replaced within 10 years, water heater and HVAC may not need to be replaced, will sill surely need a number of maintenance events, ...all of which will increase your cash costs, and delay the cash return.
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6 November 2024 | 26 replies
They are pretty involved in making sure the property is updated and functional which ends up reducing the amount of $ offered, or if the property needs maintenance repairs Flock might not offer on it at all.