Even new machines can experience issues, and when those issues mean that water is leaking all over your laundromat, you’re going to want to respond to that quickly.It may not be that your laundromat requires that many hours in a week of actual work, but the times your laundromat will demand your attention can often happen unexpectedly.In a typical week, we would work 7-10 hours on our laundromat, either being there physically or working remotely.

I know I fund the deals and pay for the rehab . my clients put on brand new roofs  new panels all new wiring new plumbing windows siding cabinets etc etc..

Is there a defined definintion of occupany that mandates a set amount of days per month that I must sleep under the roof of my primary residence?

Our 8-unit buildings have one roof, one foundation, and one structure to take care of.

You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof). 

Joel is revealing how much money “leaks” out when operations are not prioritized, and how much the bottom line can be enhanced when it is.   

I’ll also amortize large items like roof over 20 yrs, and then add $100/mo/unit for general repairs.

When you have a minor leak beneath a bathroom, it's most likely from the drain pipes, which is why the water only leaks when someone uses the bathroom.

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.

Purchased for $69,000, I tackled everything from a new roof to interior updates, transforming it into a move-in-ready home.After months of surprises (and a few headaches), I sold the property for $145,000.