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12 September 2024 | 28 replies
I've never used Cozy.co before, but it sounds like a lot of the investors in the area use it to list their properties, screen tenants, collect rents, etc.
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12 September 2024 | 8 replies
@Solen KebedeTo manage a house-sharing property effectively, establish clear communication channels with tenants, automate rent collection, create a solid lease agreement, have a local support system, screen tenants thoroughly, use remote management technology, plan for vacancies, consider professional management, and prepare for your move.
12 September 2024 | 9 replies
We do put them on the lease and seek collections from them if things go sideways but we have found that most of the time the cosigners do not care.
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11 September 2024 | 11 replies
Are you interested in collecting payments online with the reporting included or just rent reporting without online payment processing?
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13 September 2024 | 24 replies
I was under the impression that this regulation only applied to Cleveland homes.
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14 September 2024 | 26 replies
Think game room, hot tub, peloton, neon signs, pool table, arcade games, and pickleball.Optimizing Listing Photos: The first impression matters.
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12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
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14 September 2024 | 11 replies
And while Pennsylvania State Inheritance is typically also not recorded, all 67 Pennsylvania Recorder of Deeds are instructed to collect the tax if there is any indication that the property owner is deceased.
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12 September 2024 | 3 replies
Also note if the listed rent changes.Our actual vacancy of less than 10% has closely tracked the data I collected this way.
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11 September 2024 | 69 replies
@James Wise funny enough I got the same impression from you based on your post, that's why I commented because it couldn't be more incorrect based upon my experience.I will say yikes, you must be pretty insecure if you felt the need to say that about my own experiences that you have no knowledge of in states that you're not familiar with.