Is item "Repairs and Maintenance Furnaces" just for the furnaces, or for ALL repairs?

On the other hand, single-family (typically) provides a tenant pool that can be more manageable and longer leases, and I am assuming maintenance and capex could be on a smaller scale, but I could be wrong on that. 

My guess is one fee you and your friend are noticing is a percentage cut from third party maintenance work.

Hi John - We do have one property that will not be profitable or just about break even in 2024 due to all the unforeseen maintenance items:  pool heater, roof, pool fence, handy man over a dozen times, remodeling took 3 months instead of 3 weeks, etc. 

By the time you will be able to get into a stable routine, you kids will begin to outgrow you.That last one is what weighs most in my decision making.

This experience taught me the importance of hard work, dedication, and the time it takes to build a successful real estate portfolio.In February 2022, I landed a job doing maintenance for a large REIT in the Halifax area.

With medium interest rates, you might see a slight impact on cash flow, but BTR properties often still perform well due to their new construction and lower maintenance costs.I’m currently working in the Indianapolis market, specializing in new build duplexes that we construct with strong rental returns in mind.

Some terms you may find helpful:Repayment Schedule: Clearly outline the payment schedule (monthly, quarterly, etc.).Balloon Payment: If applicable, specify the amount and due date of any balloon payment.Prepayment Penalty: State if there’s a penalty for paying off the loan early.Default Terms: Clearly define what constitutes a default and the consequences, such as foreclosure procedures.Insurance Requirements: Ensure the buyer maintains property insurance.Maintenance Responsibilities: Clarify that the buyer is responsible for property maintenance and repairs.I hope this helps you out, have a great day!

These projects are poised to create numerous jobs in engineering, construction, and maintenance, leveraging skills from the local energy sector.In addition to its environmental impact, this project contributes to the local economy by offering new job opportunities and supporting workforce development through collaborations with the Kern Community College District and the California Renewable Energy Laboratory.Rep.

Labor costs are 20-30% higher than my core market in Denver, which was very surprising to me, which makes finding a PM that has in house maintenance, electrical, plumbing, HVAC very valuable.