David Martoyan
Saving the day with creative deals in any market
24 December 2024 | 6 replies
One that I'm getting close (hopefully) to the end of, was a flip that was a public nuisance property with two lots on either side full of junk (like 10 dumpsters worth..)There was great opportunity with the house, but we bought the other lots as well and cleaned them up (as no one would ever buy the house with those lots filled with junk).
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
For a good tenant that has paid on time and was keeping the place in good clean condition I probably would have just eaten the charge.
Divya Sosa
Tenant lied on rental application regarding criminal history
6 January 2025 | 13 replies
I did a check on a guy 10 years ago came up clean as a whistle on my landlord association screening service.
Shannon F.
VRBO Damage protection and guest verification
27 December 2024 | 2 replies
The guests have a credit card on file and your policy should allow you to charge for damages or excessive cleaning.
Mitch M.
What happens to a solar lease in California AFTER Foreclosure?
26 December 2024 | 2 replies
It's a lease, not one of those clean energy assessment lien crap things.
Tod DuBois
Many leads but not bookings on Furnished Finder - to to resolve
14 January 2025 | 19 replies
Leases are signed electronically (esign.com), and I set them up with RentRedi for deposit, cleaning fee, and rent payments.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
Then when the tenants moves out, you can assess if there's any damages or cleaning.
James Petry
fire places
21 December 2024 | 6 replies
Put language in your lease about use of the screen for all fires.I always made it the tenant's responsibility to have the chimney cleaned at least once per year for the built in fireplaces and twice per year for the store bought types as they have smaller chimney piping.
Isla Arshad
Tenant Pays Rent Late and now Claims Harassment when filing for 10 days Notice
7 January 2025 | 13 replies
Definitely helpful.I got a lawyer who did overcharge me a bit but the tenant left the property spot clean.