
12 October 2024 | 13 replies
$2,000 rent for a 3x2 1500 SF house is pretty fair$2,000 at a 30% expense ratio which is way too low is$1,400 NOI per month$16,800 NOI per yeara 7% cap rate is $240,000$240,000 at a 6% interest rate and 30-year amortization is $1,428.92 per month or a 0.97 DSCRTo get to a 1.25 DSCR at these numbers you could only borrow $187,000 at a 6% interest rate with a 30-year amortization.

7 October 2024 | 5 replies
Essentially looking for someone to come in and take over the books and payroll (Quickbooks for both) as well as maintain this work from here forward.

8 October 2024 | 9 replies
Even an after-hours emergency call should have been less than $200.I would contact the locksmith to verify this is a legit charge and get the details of what happened.If it really was a broken knob, then I think it's only fair to absorb the cost.

8 October 2024 | 10 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

12 October 2024 | 54 replies
I could find people fairly easy.Add the excitement of a hurricane off the coast (resort shut down at 9 PM so workers could safely get home).

11 October 2024 | 30 replies
The bigger cabins took a huge haircut on the rents the last two years but the smaller ones seem to be doing fairly good actually.Three years ago the one bedrooms were in the 40k to 45k range and now they're doing 50k to 60k - which is one of the reasons why the one bedroom prices have gone up from 450/sq ft to 500/sq ft and more.

11 October 2024 | 2 replies
It is time for us to modernize our practices.We are a fairly basic operator/developer with a few 3-4 unit buildings.

11 October 2024 | 7 replies
Of course you had to be a fairly high volume closer like we were.. u cant just be a one off investor.

10 October 2024 | 3 replies
This means tenants are responsible for maintaining their mobile homes, reducing your maintenance costs.

10 October 2024 | 3 replies
You don't get to pick them.The math should be fairly elementary.