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14 October 2024 | 5 replies
Just want to make sure you cover your bases.
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16 October 2024 | 10 replies
Selling to a wholesaler might be a way to get out, but ensure it covers your loan.
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13 October 2024 | 11 replies
In all reality it won't make you any money but it provides an amenity to your renters and will cover the expenses for the utilities it uses.
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14 October 2024 | 3 replies
If a lot of the other rental properties don't have any covered parking, then carports would be a much preferred option.
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15 October 2024 | 21 replies
I suggest opting for a lower PPP period and taking a hit on the rate, if you are still debt covering.
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17 October 2024 | 23 replies
MARKET rents cover all the payment plus a dollar.
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14 October 2024 | 9 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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14 October 2024 | 4 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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12 October 2024 | 10 replies
Second, I'd like to manage each property to make some cash flow to cover my 2 biggest expenses which is housing (covered by house hacking) and transportation.
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12 October 2024 | 11 replies
If you want to know if it will affect their portion of rent, this is usually based on 30% of their income and Section 8 covers the rest.