Patricio Acosta
Where do flipper get their deals from?
31 October 2024 | 4 replies
Wholesalers, bird dogs, networking, MLS (occasionally there is a deal), mailers, SEO, media adds.
Carlos Villavicencio
Hello BiggerPockets! New PRO here
30 October 2024 | 5 replies
I'm particularly passionate about Start my journey soon.Outside of real estate, I enjoy Going camping and offroading while exploring new and exciting places with my 2 dogs, a lab and golden.
Rene Hosman
I can easily and consistently track my rental property cash flow each month.
5 November 2024 | 29 replies
., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.
Brian Dolbeare
Determining accurate rent projections for deal analysis...
29 October 2024 | 11 replies
For example including a washer/dryer or allowing pets.
Thomas Gagnon
Questions to ask potential section 8 Tenant
29 October 2024 | 10 replies
With respect to Tenant's back grounds, pets, rental history, job status etc etc we are always looking to learn but feel that aspect is strung and thorough.
Matthew Banks
Advice: How to avoid having to show apt to multiple prospects ?
29 October 2024 | 4 replies
For example, my ad will state whether we accept pets, that we want provide income around 3x the rent, and that every adult must pass a credit/criminal screening.
Cindy Joseph
First time land lord- need advice on rent/income ratio and let fee
23 October 2024 | 7 replies
also they have a service dog and a cat.
Francis A.
In fast-growing Phoenix, higher rents have pushed more people to their financial limi
30 October 2024 | 4 replies
Scattered across their floors and countertops are the evidence of their hurried departures: half-packed bags and unwashed laundry, children’s toys and textbooks, bills and paperwork, canned food and loaves of bread, pet cages and, in some cases, the pets themselves.
Justin Ruholl
1st Rental- 3 Year Update
27 October 2024 | 2 replies
I wanted to share the financials after 3 years, and demonstrate what three years of real estate investing can achiev3 Bed/1 Ba Single Family Pro-Forma:Year 1 (2021)Income:Rent: $1,200.00Expenses:Mortgage: $509.95Taxes: $119.10Insurance: $43.84Cap Ex: $60Repairs/Maintenance: $60Vacancy: $60Monthly Cashflow:$347.11/mo or $4,165.32/yrYear 3 (2024)Income:Rent: $1,300.00Additional Pet Rent: $75Expenses:Mortgage: $509.95Taxes: $155.43Insurance: $53.03Cap Ex: $68.75Repairs/Maintenance: $68.75Vacancy: $58.75Monthly Cashflow:$450/mo or $5,400/yr (Total/Not 50/50 %)Total Equity: $37,473.88-Principal Equity: $7,959.62I have learned a lot about the systems needed in place to run a rental property, and how important picking the right tenant is.
Jamie Dupont
Rochester NY LTR Tenant 4K damages
31 October 2024 | 17 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.