This is calculated after accounting for all expenses, including taxes, insurance, utilities (water, sewer, garbage, electric, gas), and an allowance for maintenance costs (typically 5% of gross rent, adjustable based on the building's condition), as well as management fees.I invest in the Binghamton, NY area both as an investor and as a realtor.

I appreciate your employee.

We have 2 full years of revenue history, grossing just over 100k in 2024.

.- bank integration (download transactions) a must- no employees, so don't need payroll- if it'll bill that's awesome.

I worked for a property management company that requires all potential tenants to check into the main office prior to showing as a means to provide a safe showing for the employees.

He said that NJ is a gross income state and the gross income is comprised of baskets..losses in one basket of income do not offset gains in another..It may be quite different in other states....

But a lot of bank employees, real estate agents and regular people don't know it or they just don't believe it.

Quote from @Chris Seveney: @Zach EdelmanBe clear BP does not recommend companies - companies pay to advertise on BP and while BP I assume vets them - it’s still buyer bewareI am not an employee of BP but I want people to understand on BP and on most sites there are sponsors and affiliates but they may not be thoroughly vetted.

Typically lenders can lend up to 50% of what your gross income is.

Did you have any ratios or % gross revenue costs to just get some guidelines on whether the property makes sense as an str?