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28 December 2024 | 7 replies
On here just last week, someone told everyone that all tenants hate their landlords so there was really no need to provide any level of adequate or decent levels of respect or service.
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30 December 2024 | 10 replies
Given they are going to damage the walls while moving anyway it eliminates their need to touch up the halls and I can usually schedule to have one painter knock out multiple units in a day but even if its a one off sale, it comes across as good service for a small amount of money.In a storage area within the house or garage I will leave an unopened box of each tile, and flooring used in the house along with unopened 1 gallon buckets of the wall and semi gloss paints and one of each door hardware (kitchen and interior doorway.
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23 December 2024 | 8 replies
Does anyone have a service or company they'd recommend for this?
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26 December 2024 | 0 replies
Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)
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26 December 2024 | 4 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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28 December 2024 | 8 replies
Just something basic that is serviceable and lasts.
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26 December 2024 | 13 replies
A property manager can be a great asset for regular check-ins and updates.
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17 December 2024 | 9 replies
The biggest advantage of using someone local to where you're buying is that they will understand taxes, insurance, and similar items very well when it comes to DTI/DSCR calculations and payment quotes, and they will likely have a local network of service providers for ancillary services (survey, inspections, etc).
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26 December 2024 | 8 replies
You can do an 80% LTV cash out refinance, but it will depend on the state and if the property can debt service at the higher LTV
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26 December 2024 | 7 replies
But honestly, you'll want to shop around and compare a few local PMs since fees and services can vary quite a bit.