Hire a contractor to repair.

., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.

I have someone who wants only 41k for this property with about 21k worth of repairs. 

After this tenant leaves, you must clean/repair, market, screen applicants, select an applicant, collect the deposit and rent, get them moved in, etc.

Looking to have some repairs done and need to find local contractors that I could hopefully build long term relationship with.

Hey everyone,I recently closed on a 6 unit, and have gone about updating 1 of the units with some repairs and will need new flooring.

@Alyssa LakeIt depends upon many variables, such as age, condition, location, the amount of capital you need for repairs and unit turns.

We will be doing paint and floors as well as a few very minor repairs

I’ll add some details to the mountain houses which will shed some light.The houses are aging and I’m doing a lot of wood, siding and deck component repairs plus they need staining quite often.

We don’t really need the $400/mo cash flow and so have been saving that just in case the house needs a major repair.