But many of the students go and come back only to focus again with the income opportunity and market NR to other people; wash and repeat.

By the end of the day, they usually wash out and therfore whatever rule the investor chooses to use to calculate OE, they can use the same one always without need to adjust for higher property taxes, etc.Mike is able to find properties at huge discounts and able to get good enough rents so that his rent to purchase ratio is around 2%.

Tenants running a laundry service out of the house?

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

I also set up a referral program for if a renter has a friend move in and is accepted they get 25$ worth of quarters for the Laundry room :) I know this may not work in all building but that how I do it on my other property and seems to work out well. 12 You Asked:- - $25/month in accounting fees seems low, but let's assume it's correct.

Leaky faucets are fixed, toilets no longer run continually, cars are not washed every day, etc.3.

Good morning, I was hoping someone may have had some positive experience with trying to break a laundry room lease, I just purchased a 27 unit apt bldg in Austin, Tx.

What this place really needs is to power wash the brick".

Since you don't include any figures for management are we to assume that you or your husband drive up for every turnaround; do the laundry, run the sweeper etc?

Also...if a sump pump were to be put in, would it absolutely need to be installed right where the problem seemed to originate (in the kitchen or bedroom...ugh) or could it be put in a less conspicuous area like the small common laundry room between the two apartments?