Your tenant is a a-whole, which is something entirely different.2.

It is also something that pushes investors out not because the foundation but many of the underground problems that it could cause such plumbing.So when you find a house with such issues you have to estimate for your worst scenario.Happy to connect and guide you more.

Thanks I just hired a new CPA that is also a RE Broker _I'm hoping she can help me out with this but I don't meet with her for a couple weeks so I am trying to thinkg through some things! 

So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

Some go as far as saying that if you’re evicting frequently, something is broken upstream, either in underwriting, screening, or tenant relations.So here’s what I’d love to pick your brains on: Do you see eviction as a necessary cost of doing business, or do you think there are better ways to prevent it altogether?

I know some things are straightforward, like utilities that are metered, but for other costs especially labor and overhead (including those that work in the office), how do you decide what gets charged to which properties?

I wanted to reach out to y’all and see if this is a common experience or if we are doing something wrong with our process.

But I might pick something else if I knew what we were talking about here.  

Am I doing something wrong in my underwriting methodology? 

Cold calling is something that has become something I enjoy.