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5 February 2025 | 6 replies
Realtors typically pre-screen rental clients to make sure their time is not going to be wasted.
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19 February 2025 | 5 replies
Typically Sec 8 / HUD pay slightly above the market average.
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24 February 2025 | 9 replies
That sounds like a great service, thanks Scott.
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8 February 2025 | 22 replies
The other tenants would call the management company on Saturday to report the air conditioning failure and were told that a service person would fix the problem on Monday.
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21 January 2025 | 20 replies
Example: $500k home sales price, typical buyer agent commission of 2.5%, meaning buyer agent commission is $12,500.
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6 February 2025 | 11 replies
I know there is surety bond process and there a a few companies that appear to offer a service (Like Rhino)Furnished Finder has a new feature called Worry Free Waivers but when I tried to better understand their process, it was clear they have not done a good job of vetting this out.
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15 February 2025 | 2 replies
I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.
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22 February 2025 | 4 replies
Typically, 760+ is the top, with maybe 10% of the banks having 780 and above as the highest tier.
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18 February 2025 | 9 replies
Typical maintenance and capex, no real disasters.
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6 February 2025 | 58 replies
@Fulati PaerhatiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?