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5 December 2024 | 8 replies
(Be sure to factor in vacancy, PM fees, maintenance, etc in addition to PITI)•Do you have additional reserves to cover unexpected expenses like long than expected vacancies, high turnover costs, or major repairs (e.g., HVAC or roof replacements)?
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2 December 2024 | 7 replies
I would think a Waste clause would cover the P I G tenants fine.
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29 November 2024 | 10 replies
Not sure if that will be helpful.You could also work with your agent about a big umbrella policy to cover the uninsured parts.
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4 December 2024 | 17 replies
Where will the money come from to cover your mortgage payments AND the needed rehab work?
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2 December 2024 | 9 replies
I'd direct you to this posting, which seems to cover the same type of question: Having a real estate agent VS being your own real estate agent?
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10 December 2024 | 36 replies
Sounds like such a cover up.
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1 December 2024 | 25 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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30 November 2024 | 12 replies
Vacasa seems like they cover everything which is great for hands off owners, but they charge an arm and a leg.
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3 December 2024 | 16 replies
The income (rent minus management) should cover the costs (principle, interest, taxes, and insurance) depending on the property's price point.
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2 December 2024 | 10 replies
Otherwise get a glass or plexiglass cover made for the top because not everyone will use coasters.