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14 March 2019 | 14 replies
How does that cash flow compare to cost of upkeep plus payments on the original loan (I assume a mortgage)?
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11 March 2019 | 8 replies
The 11 units are the maximum possible on the propertythe tenants have always paid their own utilitiesThe units are all city water and sewerRegular upkeep is that the park occasionally gets new gravels and someone is in place to cut the grass for $75 every 2 weeks and I pay for two street lampsThe property taxes in 2018 were $900The property without the 11 units appraised at $110,000 The trailers themselves aren’t worth a great deal of money I’m sure but the way I’m looking at it I’m buying the whole park is basically buying myself income I expect after taxes and expenses to net at least $2000 a month, does this sound like a winning project?
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20 March 2019 | 19 replies
You can of course fill out your dream sheet, but it doesn’t really carry much weight in the PCS location selection to be honest, especially for a new A1C.
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10 October 2017 | 11 replies
I put a lot of weight on tenants who have proven to be low maintenance.
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11 October 2017 | 3 replies
I am looking to mitigate the overhead cost of upkeep for my rental properties.
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13 February 2019 | 2 replies
I have two daughters myself (11 and 13), I can only imagine the weight of what's happening.
5 January 2019 | 5 replies
A referral from someone of BiggerPockets or a local REIA should hold a lot of weight.
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9 January 2019 | 11 replies
Tenant understands that although the Landlord makes every effort to make the Leased Premises safe and secure, this in no way creates a promise of security.I've never had to go to court over something like this and am not sure it would carry any weight but I figure if I'm making a good faith effort to keep the place secure and I have this in the lease it can't hurt.
2 January 2019 | 0 replies
Started off with a low price & minimal initial upkeep rental.
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30 January 2019 | 34 replies
@Caleb Anderson I don’t think a two year lease is too long but I would go any longer - you want to be able to raise the rent on them if taxes increase in your area - have an attorney review your lease and make sure you are taking advantage of your states property code as it relates to landlords - each state is different - we have a lease break provision written into our leases - also a good real estate rental agent in your area can be worth their weight in gold - they will find better tenants (screen them all) and quickly put your house back on the market in instances like this