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20 September 2024 | 39 replies
In college towns like South Bend, features that appeal to potential landlords (like extra bedrooms or separate entrances) will boost ROI.In colder climates like Indiana, spring and early summer are often the best selling seasons.
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23 September 2024 | 29 replies
I’d recommend running your numbers with these extra expense assumptions to see what actually pencils out.If you’re worried about budgeting for capex, you can either buy new construction (which, if built well, won’t require capex for at least 5 years) or work with a turnkey provider, who will budget capex items for you on their end.In any case, my experience is that deals in Alabama and other Sunbelt states are still working out, but higher cost-of-living places like Fayetteville or Austin are probably out.
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27 September 2024 | 66 replies
a few extra steps to use it to buy groceries with but that's OK.
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19 September 2024 | 13 replies
", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.
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18 September 2024 | 10 replies
The cleaners are able to make the beds right before they leave and the extra set stays in the unit for guests.
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19 September 2024 | 11 replies
Bring in more money by charging extra rent and taking care of it yourself.
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18 September 2024 | 5 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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19 September 2024 | 40 replies
And you should always have a backup lockbox on your property in the back yard with an extra key.
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19 September 2024 | 12 replies
If this is your goal to live off of rental income you will need to acquire many properties until you reach your overall goal of making enough off rents that will cover all of your living expenses plus a little extra for fun stuff.
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22 September 2024 | 41 replies
I would to the right person and if they’re willing to pay extra.