Allan Smith
How do you manage your rentals remotely?
2 February 2024 | 22 replies
@Allan Smith 1) Keys we have everything on a master key system, with 5 subkeys that we rotate on properties.
Bill Rapp
Multifamily Where Do We Go From Here?
31 January 2024 | 2 replies
Additionally, the post-pandemic migration trend is leveling off, and rising insurance rates are straining operating budgets, indicating a year of complex adjustments for the multifamily sector.
Brett Merrill
Business and Building BRRRR deal for 0% down
30 January 2024 | 2 replies
🏢 Revitalizing Success: Transforming a Struggling Business into a Thriving Venture 🏢In the heart of our local community, I embarked on a journey that epitomizes the power of strategic thinking and problem-solving, resulting in the acquisition of a long-standing business and property that has become a beacon of success.The business, once a cornerstone of the community, faced challenges stemming from distant ownership decisions that strained the business and its dedicated managers—a remarkable husband-and-wife team.
Kevin King
Adding a bathroom - Put the washer/ dryer outside or compromise size of bedroom?
29 January 2024 | 9 replies
Also, yes rotate the stackable washer/dryer to the hallway not through kitchen.
Tony Crabtree
Changing the locks?
26 January 2024 | 26 replies
Before I went to the master key system I kept extra locksets and simply rotated them to the next unit when they became vacant (when the number of locksets matched).
Greg Strunak
Working on my first seller finance deal
25 January 2024 | 5 replies
As for the second option, the 25% down payment is substantial, potentially straining your liquidity.
Jeremy Porter
Managing Additional Expenses: A Property Manager's Guide
26 January 2024 | 0 replies
This proactive approach will help to address any potential problems at an early stage, thereby minimizing the risk of incurring unforeseen costs in the future.It is important to address maintenance concerns promptly in order to prevent further financial strain on the tenant.
KC Pake
🤔Exploring the Benefits of Investing in Real Estate with Unsecured Term Loans
25 January 2024 | 5 replies
The higher interest rates on unsecured loans mean higher monthly payments, which could strain your cash flow if the investment doesn't generate expected returns.
James Carlson
Can I claim a second home/vacation rental as my primary residence?
25 January 2024 | 7 replies
You get better terms on a primary residence -- lower interest rate, lower down payment requirements -- because if you encounter financial strain, you're most likely to pay the mortgage on the roof over your head.
James Stokes
Newbie turning to my NEW-ME, with 5 kids 5 & under & 3 jobs
31 October 2016 | 6 replies
. $804.03 PITI $41.67 Sewer bill $146.50 Property Management (self) $146.50 Cap Ex $73.25 Vacancy Rate+$58.60 Utility/Misc$1,270.55- NOI-$1,465- monthly rent$194.45 Net Profit Income per month x 12 months = $2,333.40 Annual Net Profit IncomeTotal Deal Appreciation: $14,000- (38.25%) ARV was $101,000 Depreciation: $2,345.45- (6.3%) Amortization: $984.58- (2.68%) 1st year loan pay down Cash Flow: $2,333.40- (6.64%)*Property Management: $1,758- (5%) I self managehad script issues with bp website, could not rotate pics.