
11 October 2024 | 2 replies
Don’t leave it to chance market the unit and stick to your standards.

11 October 2024 | 16 replies
They ask about staying long term, hoping the thought of all that money will entice you to interact with them and leave your defenses down.

14 October 2024 | 22 replies
The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

11 October 2024 | 5 replies
Should I still do some sort of addendum to the existing lease to have it in my name, or am I okay to leave until renewal in January?

11 October 2024 | 21 replies
If they paid full October rent, then I would wait and see because if they gave notice and leave mid month, I owe them prorated rent in return.

10 October 2024 | 11 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

13 October 2024 | 34 replies
That leaves you with NV,WA and now TN.

10 October 2024 | 2 replies
At this stage, you want to ensure that the property is cash-flow positive, meaning the rent covers expenses and leaves a profit.4.

11 October 2024 | 17 replies
Other answers might include the acronym CIA: Credit Income and Assets but that leaves out the items Brandon mentions.

10 October 2024 | 7 replies
I am not sure she is going to leave me alone.Would you pay a lawyer to write a letter to leave you alone or just do as you say and if she does file a small claims just deal with it then?