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12 March 2020 | 4 replies
Our interest is in short term rentals catering primarily to vacationers and snow birds.
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2 March 2020 | 5 replies
Always underwrite with management, even if you plan to self-manage at first.What about lawn care, snow removal and admin/professional costs?
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4 March 2020 | 3 replies
I'd probably use 20% combined considering the low rents and probable tenant class.What about water/sewer, snow removal, lawn care, and admin/professional fees?
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2 March 2020 | 5 replies
Utilities, snow and landscaping if applicable.
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7 March 2020 | 4 replies
Listed 105k.Rental income: 37,200Vacancy: (4,650) 1.5months averageReal Estate Tax: (3,300) Appraised higher than planning to offer.Property Insurance: (1,400) Not sure how accurate this is - this is just guesswork from online searching...Repairs & Capex: (7,440) Using 20% since old houseUtilities: (6,300) Heating gas paid for by ownerLawn/Snow: (600) Currently gives $50 a month off rent to one tenantHandyman: (720) I'm 2 hours from the property - have a guy I trust who lives there I'll pay $30 an hour to for handling minor items.Expense: 19,760NOI: 12,790I am thinking since it's an inherited owner, in an area with little appreciation and other investors, to offer in the neighborhood of 80?
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10 March 2020 | 12 replies
As you’ll see in the education, don’t forget to include expenses such as insurance, utilities (if they will not be in the tenants name), lawn/snow care, and capex reserve.
9 March 2020 | 1 reply
You're completely forgetting to account for taxes, insurance, vacancy, CapEx, Repairs, management, water/sewer, lawn care, snow removal, professional/admin fees.
9 March 2020 | 2 replies
If you triple the value, you should expect the taxes to triple as well.What about water/sewer, shared electric or other utilities, lawn care/snow removal (if applicable), trash pick up, admin and professional fees?
14 March 2020 | 2 replies
Figure 10%, you may be able to get it for 8%.What about lawn care, snow removal, and admin/professional fees?
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14 March 2020 | 12 replies
Taking in account the cold, wetness with snow boots, etc. what would be the best bet for flooring.