
28 December 2024 | 7 replies
On here just last week, someone told everyone that all tenants hate their landlords so there was really no need to provide any level of adequate or decent levels of respect or service.

24 December 2024 | 1 reply
The provider I am using allows for 60 days of continued coverage once construction.

28 December 2024 | 19 replies
I have not received any feedback regarding that, but I like to imagine it does provide a new level of coziness upon their stay.

27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.

26 December 2024 | 9 replies
It ensures they did a good job and a thorough job, it also provides evidence of the state the house was in when guests arrived in case there are any guest complaints or guest damage.

3 January 2025 | 42 replies
Im a bit put-off by the detail in their reporting however, They have only provided a consolidated summary at this point, and the other operators give far more detail.

28 December 2024 | 8 replies
I have never provided a water dispenser/ice maker in any of my other units, but rather a Brita and ice trays with no complaints.

16 December 2024 | 19 replies
Just provide notice that the inspection will occur on X date at X time and and then send the inspectors in.

4 January 2025 | 25 replies
Unlike REITs, direct real estate provides control over management decisions and the ability to leverage financing for higher returns.

2 January 2025 | 12 replies
This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.