J.P. Coghill
Appfolio On Boarding
15 January 2025 | 8 replies
It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.
Alex Hall
Subto FHA problem
20 January 2025 | 57 replies
There really isn't a safe, secure way for someone to protect their interests.
Heidi Kenefick
Organaizing finances- baselane vs Rentastic vs avail vs rentredi?
21 January 2025 | 40 replies
I like that you can setup different virtual accounts for security deposit let's say, or to separately ledger cash collected through a rent to own contract.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Travis Boyd
How effective can MTR be with small multifamily properties?
7 January 2025 | 16 replies
You can find some absolute MTR gems near smaller hospitals that aren't so obvious but ultimately, housing supply in the area is something I'd say is more important coupled with your amenities.
Luis Cerwin
How long should I give my PM to Rent a Unit before changing PM?
20 January 2025 | 14 replies
In mid February, many tenants get caught up when they start getting their income tax refunds (depending how fast they file).Income tax refunds also give tenants the needed funds for first month of rent + security deposit, so they can move.Check out this graph, which was created from tens of thousands of data points:Regarding your property, suggest the following:1) Where specifically is it being advertised?
Sidney Duquette
Strategies for High Equity Growth Properties: Risk Mitigation, Value-Add, Cash Flow
20 January 2025 | 7 replies
I realize now that I should have supplied numbers initially- for numbers I am looking for $650k and under.
Henrry Novas
Looking to Connect with Spec Builders
10 January 2025 | 7 replies
What strategies do you recommend for securing hard money loans for spec builds?
Sarp Ka
Cheapest way to make a cash offer???
22 January 2025 | 14 replies
My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
The money that you end up owing to repay the loan over the 5 year term is now post income tax money unlike how you traditionally are supplying your 401k with pre-tax money.