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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.
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5 February 2025 | 35 replies
The power of rent growth.
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14 January 2025 | 28 replies
With software, it's only as powerful as its user so some clients overcomplicate things and spend most of their time trying to "fix Quickbooks".The most successful and quick clients keep it simple or keep it to their comprehensive level.
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1 January 2025 | 4 replies
The property has 2 electric meters and one water meter.
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2 January 2025 | 2 replies
So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.
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17 January 2025 | 24 replies
Google Operation Chokepoint for just ONE example of what banking regulators do with their massive power.
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30 December 2024 | 1 reply
Start with a standard offer, and write a contingency into it for electricity, all the below ground utilities, and then work your way to zoning, permitting etc.
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10 February 2025 | 62 replies
@Tyler Garza, The most powerful (and simplest) strategy for you would be to1.
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30 December 2024 | 4 replies
Grocers must eat the loss of their fresh vegetable or frozen foods during a power outage.
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19 January 2025 | 354 replies
The one thing i don't like is how much power they have over you.