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22 January 2025 | 7 replies
For example, require a minimum FICO score of XXX, gross monthly income X times the rent, and verifiable income for the last X years.
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19 January 2025 | 15 replies
I’m now scrambling to get 7 properties insured because of their gross incompetence.Sorry to hear.
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18 January 2025 | 7 replies
Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area.
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14 January 2025 | 17 replies
I'm still struggling to get my first AirBnB but values are rising, gross annual yield is mainly above 10%
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26 January 2025 | 16 replies
I will also emphasize the importance of keeping at least 5% of your gross rent income and allocate it toward emergency situations each month.
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16 January 2025 | 1 reply
For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.
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7 February 2025 | 31 replies
Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents).
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15 January 2025 | 7 replies
What the gurus don't tell you is that they are comparing market rents to the GROSS amount of S8 rent on a voucher which INCLUDES LANDORD PAID UTILITIES!
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19 January 2025 | 10 replies
Unless you are unknowledgable, my bet is you could make more from rent than sale, and still have the benefits of owning the original home while you go do something else.The 25K you have left in property will be netting you(gross) of $350 mo or 4200 per year.
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16 January 2025 | 15 replies
Gross rent multiplier (GRM) A method that divides the purchase price by the gross annual rents when the property is 100% occupied.