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27 December 2024 | 4 replies
The numbers are tough and it's hard to account for all unforseen expenses.
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20 December 2024 | 2 replies
Not calculating maintenance expense could end up being a nightmare.I always estimate (using either the 50%, 1% or square footage rule) the annual maintenance / first year of maintenance fees for a ALL rental property.
21 December 2024 | 18 replies
Once that reserve fund is established, move all future cash flow to an investment account.
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3 January 2025 | 40 replies
Everyone that has more than 1 or 2 properties should have some kind of basic spreadsheet that demonstrates how much that property is bringing in after all your fixed costs are accounted for, at a minimum - PITI, lawn care, HOA fees, etc.
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26 December 2024 | 27 replies
I created an account and listing on Furnished Finder but not getting many leads.
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18 December 2024 | 23 replies
If your rate is lower than what you can get by investing, taking account for risk, then pay the minimum.
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20 December 2024 | 12 replies
If there were a bulk subscription I could get all my tenants for a low annual or monthly cost I would consider it though
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30 December 2024 | 14 replies
Make sure you are taking into account closing costs as well as the repair money!
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13 December 2024 | 16 replies
I opened a business checking account with Regions.
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21 December 2024 | 14 replies
I would also be sure to sweep the chimney and have it inspected before you rent it out then annually.