Operating Expenses (30-35% of Income)Rule of Thumb: Allocate 30-35% of your rental income to cover operating expenses such as property management fees, maintenance, repairs, utilities, and insurance.Why: Properly budgeting for these expenses will keep your properties well-maintained and avoid unexpected financial strain.3.

I currently own & operate two STR‘S in SoCal USA, both fee-simple, no leasehold, so I’m new to this concept. 

I have a few connections to MTR operators in Houston I can share. 

When a vacancy comes up in a good apartment on SFO, operators often have literally hundreds of extremely well qualified applicants at incredible rates.

If you have your operations dialed in, you're going to be quickly make a profit on that referral.

**Sorry for the newbie sounding ques, but despite doing these projects for a while p/t, I'm struggling to figure out how to setup a steady operation.

For me, operating in Pittsburgh and Allegheny County, where Pittsburgh is located, it's always better not to accept any sort of payments once eviction proceedings have started.

Age and condition of property operating systems9.

I protect my interest with a minority equity position in the entity that holds the property and a clause in the operating agreement that gives me majority ownership in case of a default.

Hi, Cheryl, I know this is an ancient post, but I just happened to run across it and it's still relevant and had no responses, so I figured it wouldn't hurt if I chimed in.I'm a landlord and I operate a lead dust sampling business in Philadelphia, Delaware and Montgomery counties in PA.