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11 October 2024 | 10 replies
He says his average repair is $150-$175.The rental range for my units are $2300-$2550 (the latter would be with a dedicated laundry set up).
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13 October 2024 | 24 replies
The only requirement is that I don't exceed about 185 nights of rentals a year, and I average about 160 so I should be fine.
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13 October 2024 | 54 replies
Also if you have leaks in one unit and not the other then the other tenants are paying for that.There are services that put a private meter on each unit so the tenants are billed on what each consumes versus averaging out.
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10 October 2024 | 6 replies
Hey Jack, Yea we hired 2 callers, they make roughly 100-150 calls a day on a triple line dialer. averaging between 2-4 leads a day and about an appointment set every other day.
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10 October 2024 | 2 replies
The heirs can choose to hold their shares and receive dividends or sell them.Passive: Allows investors to trade an actively managed real estate asset for a passive investment in an Operating Company that is typically run by an institutional asset management firm.Consistent Income: Operating Partnerships can issue dividends or distributions so that the investor has cash flow.Portfolio Diversification: Enables the investor to achieve diversification across geography, industry, tenant and asset class in an Operating Partnership structure.
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11 October 2024 | 7 replies
NOT an industry norm and a sign they don't really know what they are doing as this opens them to several liability issues.
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8 October 2024 | 6 replies
I think I have an above average amount of grit and resilience from past adverse events and Florence and the aftermath near broke me.
10 October 2024 | 0 replies
Not all things you consider an expense are honored by the court.For example, in a Colorado Court of Appeals case, “the trial court found that the principal portion of the mortgage payments did not qualify as ordinary and necessary expenses for purposes of calculating child support.”It’s All In The NumbersAccording to the Census Bureau, “Parents who received regular child support payments received a monthly average of $604 and a monthly median of $396 in 2017.”
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9 October 2024 | 16 replies
My average turnover vacancy is less than 15 days, so I lose half a month of rent and utilities.
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11 October 2024 | 8 replies
A big red flag is their job at an apartment property managment company:- What is their job history in this industry?