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5 November 2024 | 4 replies
(Some of us have more than one...)So here you are.Your first step should be to get the facts and then reassess your options.You'll need realistic and accurate estimates of your ARV, your remaining repair expense, market rent, and total projected holding costs.If you run your numbers and you can still make this work as a rental, then great!
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4 November 2024 | 6 replies
Someone other than her would rent $1650+ pre-renovation and after repairs monthly rental yield would be $2100+, 3.
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5 November 2024 | 28 replies
Also, be cautious of overestimating rental income or underestimating repair costs.
3 November 2024 | 0 replies
I faced challenges with unexpected repairs during renovations, but having a contingency budget helped mitigate these issues.
3 November 2024 | 0 replies
I faced challenges with unexpected repairs during renovations, but having a contingency budget helped mitigate these issues.
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1 November 2024 | 19 replies
You can strengthen your position by documenting the repair estimates and the potential loss of income due to the disruption in bookings.
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4 November 2024 | 7 replies
Once you factor that in, your small loss is actually a bigger loss once you need to do any repairs or upkeep.
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6 November 2024 | 26 replies
They are pretty involved in making sure the property is updated and functional which ends up reducing the amount of $ offered, or if the property needs maintenance repairs Flock might not offer on it at all.
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8 November 2024 | 38 replies
MY LTR's are mid-tier for their market and have minimal cash flow at the moment so it all gets eaten up by repairs and manager fee, my goal with these is mainly long-term appreciation and eventual cashflow as rents rise.
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1 November 2024 | 5 replies
Are these worth repairing?