This means maintenance, evictions, repairs, and so on are all taken care of.The other option is to hire a leasing agent—this will cost between 50% and 100% of a month’s rent.

This means to focus your time in the areas that have the greatest value & impact such as how to scale your portfolio vs working in the weeds on things like property management, repairs, rent collection, etc. 

Typically forexlosures are worth a lot less than appraised value especially if vacant because amount of repairs can easily be six figures

Long-Term Maintenance: Older homes may require more repairs.

I guess I will try and talk with him when I move in but I’m confident you can’t even rent a studio apartment in this zip code (06790) for $7504) When I sit down with him upon closing I plan on asking him personally if there’s anything that should be brought to my attention that needs to be done that I may not have seen on the home inspection which I will absolutely repair.  

Then she sent me sales and agency contracts, and three weeks have gone by with no updates on the repair work.

For example, if a family is displaced due to extensive water damage that will take a few months to repair, the insurance company will then look to find temporary housing for their customer/displaced family.

With investment properties, any kind of rentals, I often see the story where the owner walks away due to some major repair issue, like a caving in basement or maybe a string of awful tenants drove them away, but in either case, its NOT AT ALL because there's no way they can continue to pay the mortgage payments, its a financial decision and many times may be the best one they have available at the time!

. - Maintenance & Repair: 5% of total rent- Cap ex / utilities: 5% of total rent- Property management: 8~10% of total rent- Misc & reserve: 5% of total rentFull rent: 4800(rent) - 2600(PI) - 800(TI) - 1150(Expense) = $250/mOwner occupied: 3600(rent) - 2600(PI) - 800(TI) - 1150(Expense) = -$950/mOwner occupied & no PM: 3600(rent) - 2600(PI) - 800(TI) - 700(Expense) = -$400/m I thought it would be $0/m if owner occupied although $400/m for myfamily is low enough.

Then make sure you have sufficient reserves for emergency repairs.