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28 January 2025 | 14 replies
Just make sure the bed/bath count is correct as it can affect the income drastically
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5 February 2025 | 15 replies
15-20% for STR and MTR here in Alabama.We have a STR on Dauphin Island and that PM charges 24% but a "lot" of routine maintenance is covered in that.
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5 February 2025 | 7 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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23 January 2025 | 9 replies
They usually have a process for filing a claim with the city for damage caused by them, and they may be willing to cover it.
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26 January 2025 | 2 replies
You may have to do this several times for all the different tasks being done.The only labor cost not covered by this type of online inquiry is drive time from the businessto the property, to the store & back for supplies and then back to the business address.
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30 January 2025 | 5 replies
This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically. 2) You may get an insurance assessment bill to cover the CA Fair Plan losses.
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21 January 2025 | 4 replies
If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.
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2 February 2025 | 5 replies
Cover my basis and send to the rental and the 2 addresses the one tenant provided via text?
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28 January 2025 | 6 replies
I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.
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5 February 2025 | 9 replies
In its first year, the rental only earned enough to cover half the mortgage.