
13 September 2017 | 11 replies
From ceilings fans, dishwashers, HVAC units, electrical outlets, and basically everything under the roof, I highly recommend it.I hope this was helpful,@Charles Kennedy

11 September 2017 | 18 replies
(Everyone seems to think this, not just you.)Here's a page from Cleveland Tenant Rights saying the landlord can require the tenant to pay water as long as it's separately metered: http://www.clevelandtenants.org/for-tenants/tenant...Here's a page from Garfield Heights specifically, saying the same thing: https://www.ghmc.org/renting/renting-basics/rights...You must supply water, but you also must supply heat and electricity.
2 October 2017 | 12 replies
I have both electrical/carpentry/wood flooring experience.

12 September 2017 | 3 replies
The property is a triplex, converted out of an old house that's been taken care of very well (as far as I can see without a building inspector), so the water and gas are not split out into separate meters for the tenants (electrical is).In order to make this deal work, I'd love to figure out a way to invoice the tenants for those utilities.

19 November 2018 | 3 replies
Recently purchased a duplex that has separate gas/electric meters for each unit, but only a single water meter serving both units.

11 September 2017 | 0 replies
Currently, the stove, clothes dryer and water heater are all electric.

12 September 2017 | 2 replies
Hey everyone,I've found a potential property investing in through craigslist and I had a few questions regarding it.Here are the details:Triplex fully rented: ASKING $479,000 - 3 Bed 2 Full Bath (rents for $1200) - 2 Bed 2 Full Bath (rents for $950) - 2 Bed 2 Full Bath (rents for $950)They say that the tenant pays for cable, electric, gas/propane and the landlord pays for insurance, mortgage, property tax, and trash.

12 September 2017 | 3 replies
The numbers look good:Location: Broadway HouseNumber of Units: 1Rent: $1,350.00 Square Feet: 1,666 Upfront Costs:Cost per Unit $95,000.00 Price: $80,000.00 Cost per Square Foot: $57.02 Cap Improvements & Repairs: $15,000.00Cash on Cash Return:19.84%Total: $95,000.00 Debt Coverage: [minimum 1.6] 1.78 20%Down: $19,000.00Capitalization Rate (ROI)9.05%Current Assessed Value: $29,666.00 Loan Amount: $76,000.00 Net Cash Flow per month: $314.08 Interest: 4.88%Net Cash Flow per month per unit: $314.08 Term (yrs): 30Total Rent/Month: $1,350 GROSS SCHEDULED RENTAL INCOME: $16,200.00 Less: Total Annual Debt Service: $(4,826.40)Less: Operating Expenses: $(6,470.63)Less: Vacancy and Credit Losses (7%): $(1,134.00)NET CASH FLOW: 3,769 NET OPERATING INCOME - (NOI): 8,595 INTEREST: 3,680 DEPRECIATION: 3,455 NET INCOME: 1,461 Property Insurance: $1,000.00 Property Management (10%): $1,620.00 Placement Fee(30%): $405.00 Real Estate Taxes (5.06179%) $1,501.63 Repairs and Maintenance (12%) $1,944.00 Services: Snow Removal: 720 Utilities: Electricity: N/A Gas and Oil: N/A Sewer and Water: $30.00/mo Other

20 September 2017 | 10 replies
The dryer works like a charm, the washer....unless I can fix it, RIP.I am thinking of keeping the coin op dryer for my tenants and buying separate ones for myself (electric is wired for different units, I pay for all water).I'm unsure if I want to go with a coin-op washer, or even coin-op in general.

10 December 2017 | 18 replies
But, I don't have to do any of the major upgrades that I was planning (floors, electrical, counters, paint) immediately and can get positive cash flow immediately.If she decides to move on, then I make the improvements and put it back on the market at $900-$950 within 2-3 weeks. and get what I talked about above.So.