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6 December 2024 | 6 replies
Neither outcome is good for you.I give some approximations of each expense category in The Hands-Off Investor, but the best way to nail down operating costs is to look at the property's historical performance.For example, Contract Services and Utilities.
13 December 2024 | 15 replies
So long as the rent can’t debt service.
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7 December 2024 | 1 reply
. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.
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13 December 2024 | 35 replies
@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.
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3 December 2024 | 19 replies
In cities with significant and sustained population growth, rents and prices will rise faster than inflation, enabling financial freedom.Conversely, rents and prices rise slowly in cities with static or declining populations because the current housing inventory is sufficient.
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12 December 2024 | 20 replies
Would the landlords out there recommend providing extermination service to make tenant happy, or remind her that the home was rodent free at beginning of her lease.
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13 December 2024 | 35 replies
Also, some places like CA and MD have very tenant "friendly" laws (against the landlord in some cases) so make sure that you know the laws and if possible, have an attorney or service to collect overdue rent and/or eviction as needed.
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11 December 2024 | 8 replies
You should pay 10k to 15k or less for the service. 10% on a million dollar build is beyond silliness to me.For 100k to 120k in design fees, I'd want the Property Brothers themselves to come down and design the thing. :-)
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9 December 2024 | 7 replies
However I have great units and we provide excellent customer service so I generally have little turnover.
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8 December 2024 | 8 replies
I asked about Zelle, it is only a service for US Banks, not internationally.