Gross Monthly Operating Income 1,995.00 Monthly Operating Expenses Property Management Fees 199.50 Repairs and Maintenance 166.00 Real Estate Taxes 259.38 Rental Property Insurance 225.00 Homeowners/Property Association Fees Replacement Reserve Utilities 180.00 Pest Control Accounting and Legal (213.75) Monthly Operating Expenses 816.13 Net Operating Income (NOI) Total Annual Operating Income ( Gross Monthly x12) 23,940.00 Total Annual Operating Expense (Monthly Operating Exp x12) 9,793.50 Annual Net Operating Income 14,146.50 Capitalization Rate and Valuation Desired Capitalization Rate 7.00% Property Valuation (Offer Price) 202,092.86 Actual Purchase Price 249,000.00 Actual Capitalization Rate 5.68% Loan Information % Down Payment 3.50% Down Payment 8,715.00 Loan Amount 240,285.00 Acquisition Costs and Loan Fees 2,490.00 Length of Mortgage (years) 30 Annual Interest Rate 4.500% Initial Investment 11,205.00 Monthly Mortgage Payment (PI) 1,217.49 Total Annual Debt Service 14,609.87 Cash Flow and ROI Total Monthly Cash Flow (before taxes) (38.61) Total Annual Cash Flow (before taxes) (463.37) Cash on Cash Return (ROI) -4.14% and after you move out , have raised rents and using management -  Monthly Operating Income Scenario A Number of Units 4 Average Monthly Rent per Unit 750.00 Total Rental Income 3,000.00 % Vacancy and Credit Losses 5.00% Total Vacancy Loss 150.00 Other Monthly Income (laundry, vending, parking, etc.)

@J PatWe have written into our leases that when the tenant has been given notice that someone is coming to the property to perform whatever service is scheduled and that service cannot be completed because the service person was unable to enter the house or backyard for any reason, then the tenant will be charged a service call.We state that the charge is a minimum of 65.00, however, if a company charges a higher fee, then the tenant has to pay the higher cost.This covers us for pest control, landscapers, repairs to the property, scheduled inspections etc.I was having issues until we added this to the leases.

He wants to stay.Its 107 year old house (2/1 + 1/1 side unit) on .5 acreSo what I did:Called my bro-in-law who owns his own pest control biz and lined him up to take care of termites for meAs FHA loans would not close due to termites I watched DOM tick up-up-up-and up.Now kids are back to school and people are settling in for the cold harsh brutal California weather we are famous for. lolI then made an offer at 175K, cash, & caretaker gets to stay at current rent.

Keep it to monthly at the most to prevent becoming a pest but persistence makes you stand out against the competition.Hope this helps!

Pest control.

Mark,sorry to be a pest - looking on Sam's site they have lots of selections.  

I don't want to rent to  that profile, no matter what the circumstances.As far as your add-on questions, I would be concerned about any pests coming to your property unit in moving boxes, but not mold.  

At move in they receive and clean property free of pests.  

We are in Florida so I have 30 days from March 20thNot sure if today April 19th counts since this is the 30th dayI have pictures of the damages and receipts for work but they are only close to $1000Receipts have handyman workThere lease expired on April 14 th and i gave them 6 days to repair damagesI have receipt for cleaning, pest control , Ac repairs , dish washer repairs For some items i do not have receiptsI sent them a copy of notice via whatsappIs that admissible in court or can i send a new notice today ?

Additionally, make sure you account for any other expenses that may apply to your specific rental; for example any HOA's or pest control services.