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20 February 2025 | 8 replies
We pay 8% & less than you've shown on other fees for great service.
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15 February 2025 | 2 replies
I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.
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16 January 2025 | 11 replies
I do use Ownerrez as a PMS and they have a report that automatically gives me the numbers needed to do it myself and it takes just a few clicks.
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20 February 2025 | 11 replies
Definitely be charging at least what you're paying in cleaning, if not add a little cushion.
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20 February 2025 | 181 replies
I guess it will take another 2 to 3 years to get the rest of our my money back if D32 builder is really sincere to pay it back.
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8 February 2025 | 12 replies
However, just remember you do need to pay for all this.
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23 January 2025 | 5 replies
The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.
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3 February 2025 | 8 replies
Click on "images" and you'll see actual examples of forms, most of which can be downloaded for free.
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11 February 2025 | 167 replies
One would also pay 10% ish fee to convert foreign currency to USD.
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18 February 2025 | 43 replies
Would you mind telling us what you spend per month on life?