
3 December 2024 | 3 replies
Also make sure you understand everything about adding an ADU including value of the ADYPU, financing, impact from rent control, duration between initial expense and initial income, true cash flow (know the 50% rule, at 50% rent ratio initial property tax will be near 20% of income)- educate.

29 November 2024 | 1 reply
Have contracts that provide working days per task and include the overall construction schedule.

30 November 2024 | 4 replies
Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).

29 November 2024 | 17 replies
Hey Brian / everyoneThe price includes shipping :)Wow - that's a deal.

27 November 2024 | 16 replies
Any LTR operator knows that a lease offers some legal protections to the lessor, and this includes financial obligations on the lessee.

27 November 2024 | 26 replies
Why would you include internet in rent?

21 November 2024 | 6 replies
It merely is includes in the offer now as opposed to being listed on the MLS.

4 December 2024 | 30 replies
This also includes a few credit cards that are used for business expenses.

7 December 2024 | 14 replies
I started keeping an event journal to remind me of issues or unique incidents that impact the income/occupancy of each property, including maintenance block-offs.

26 November 2024 | 35 replies
Everything I own is in an LLC including my residence.