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30 September 2024 | 12 replies
Hey @Devin Bost, I would highly recommend a few things to help with this. 1) Have systems and processes lined out for any emergency you can think of.2) A spreadsheet of subcontractors/ vendors that could handle the situation that arises (plumbing leak, electric out somewhere, etc.)3) Your cleaning team and handy person should be utilized for some things.4) Something like Breezeway can give you 24/7 support around your property with a dedicated phone number line.
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6 October 2024 | 33 replies
Detroit would be a difficult market to utilize a DSCR loan in due to the low amount of monthly rental income coming in.
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4 October 2024 | 12 replies
. $400 a month for utilities, $500 for misc expenses like toiletries, maintenance/repairs, landscaping etc. $150 a month for insurance (this might be low?).
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4 October 2024 | 27 replies
I will be sure to utilize the bigger pocket resorces.
4 October 2024 | 26 replies
So, I don't just factor in hard expenses like mortgages, taxes, insurance, utilities.
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2 October 2024 | 1 reply
Give them a triple net lease (meaning they pay rent, and they're also responsible for insurance, utilities, and maintenance).
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3 October 2024 | 8 replies
If you are planning to use a DSCR loan, lenders will want to see a valid lease, utility bill, or official document supporting you are living somewhere else.
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2 October 2024 | 8 replies
You need to investigate and figure it out.If you include utilities with rent, I recommend placing a limit so the tenant is responsible for excess use.
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30 September 2024 | 24 replies
#2: Will "digitally" staging help this at all?
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2 October 2024 | 11 replies
I don't want to pick on you but you recently posted about utilizing land trusts and Wyoming LLC's to purchase real estate in Arkansas and also posted questions suggesting you were unclear on how general liability coverage works/ is issued for a $170K purchase.