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7 October 2024 | 11 replies
The maintenance request feature is awesome and does allow pictures (not sure about videos).
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10 October 2024 | 24 replies
There is some maintenance that needs to be done and i need access to the inside.
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7 October 2024 | 4 replies
I found this but I can't understand what the other costs are https://www.narpm.org/members/resources/rent-vs-sell-calculator/SFH current value: $441,000Bought for (2020 new construction): $362,000 (primary residence till Nov 2023)Mortgage balance: $218,000Interest rate: 2.375% for 15-year loan (12 years left)Annual Tax, insurance and HOA: $7,000Current rent: $2950Appreciation: Reached $441K in March 2022 and has stagnated since.
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9 October 2024 | 11 replies
- Are there any additional costs for leasing, maintenance, or other services?
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10 October 2024 | 9 replies
Under the routine maintenance safe harbor, if you had to do have the same maintenance completed within the last 10 years, you may be able to expense it as routine maintenance.
10 October 2024 | 0 replies
To make things simple, let’s consider the following expenses:Rental property taxes: $500Repairs and maintenance costs: $1,000Utilities: $1,200Property management fees: $2,500In this case, the total allowable expenses are $5,200.
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10 October 2024 | 25 replies
I am thinking over a 30-40 year time horizon, the nicer system will require less maintenance and also last 3-5 more years, so would end up being the cheaper option in the long run.
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8 October 2024 | 5 replies
It looks like no matter what, my actual name will need to be filed on annual report with the NC LLC (even using a registered agent).
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7 October 2024 | 7 replies
Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).
10 October 2024 | 0 replies
This doesn’t negate the need to check the lines, however.Pay Attention to Pride of OwnershipAmateur repairs—or a lack of repairs—and deferred maintenance are typically the result of a “low pride of ownership.”