I don't number my properties (I don't own anything anymore I don't want to keep) but I do keep tabs on my net profit independent of income taxes on each unit because if a unit starts to slip I need to know if it can be salvaged (have I been consistent with rent increases?

Other than the miscommunicated eviction, they have actually been very accomodating through the process and the issues with this one unit get resolved, then I would have nothing but positive things to say about the purchase.

I came across a 2-flat with a basement that has been converted into garden unit with 3 bedrooms and kitchen and bath.

Yea you can cash $500 a month but if you have a $10k AC unit break down thats a whole year of cash flow.

Thank you.Are you buying a SFR or multi unit?

My building is averaging about 20k per unit.

If the rent payment covers your mortgage and you have a good tenant, why would you get rid of them to take on the expense of unit turnover, because you will have to do one, and the 5% vacancy loss just to increase your rent $150 per month?

I'm an Architect and MRED Grad and have entitled and permitted over 200 units across Bay Area and Norther California, ask me anything about SB9 or ADU design / permitting

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

Because looking at the T12 from a 100 units will be different from 20 units will be different from 5 units in some of the line items (account names).