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30 September 2024 | 8 replies
I have a W2 and other investment income, so it isn't like I am dependent on it, but just a cool milestone in the back of my mind.
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2 October 2024 | 9 replies
I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.
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6 October 2024 | 36 replies
I tried to estimate 20% higher on repair costs since i do not have a wealth of experience estimating yet, there is some minor water damage, and some heating and electrical that needs to be replaced, which is where most of the expense came from.
2 October 2024 | 10 replies
FEMA rental Assistance covers the cost of monthly rent and essential utilities, gas, electric, water, trash, and sewer.
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30 September 2024 | 24 replies
Really only things I could see that might turn off buyers is the water lines in the laundry room next to the water heater.
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2 October 2024 | 38 replies
Every area I know has gotten worse and worse and worse on it.Fifteen years ago, when I was buying, rehabbing houses and holding, I oculd hire a licensed contractor and they were able to change toilets, faucets, even water heaters.
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1 October 2024 | 0 replies
As October rolls in, the weather is cooling and real estate continues to do so as well.
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1 October 2024 | 14 replies
Quote from @Caleb Brown: Happy to connect and chatHi Caleb, sure that would be cool.
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1 October 2024 | 2 replies
The onsite-manager’s unit had a concrete floor which sometimes got wet from water coming over the sill in big storms.
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30 September 2024 | 4 replies
We also try not to install fridges with water dispensers or ice makers but if we do, we put in our rental agreement that tenant is responsible for any repair to water/ice makers.