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10 June 2024 | 1 reply
Other groundsLandlord violates tenant’s privacy rights;Landlord wrongfully cuts off water, wastewater, gas or electric service; andLandlord wrongfully changes the locks or prevents tenant from being in the rental property.In all of these cases, it is important to read your lease agreement and negotiate any terms and conditions accordingly.
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10 June 2024 | 25 replies
Gas (natural or propane)I pay $100 a month for liability insurance.
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10 June 2024 | 11 replies
It is required to have a building permit/inspection and hire licensed professionals for Electrical, Mechanical, Plumbing, and structural engineering for load bearing, gas line work, and septic systems.
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6 June 2024 | 12 replies
Remember that although you’re paying them $36/hour, they have travel time to and from your place, and gas and upkeep on their cars in there too.
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6 June 2024 | 7 replies
It will be self managed, I will be near the unit (less than 5 mins away) to clean and take care of any issues.My numbers:Approx Value of Home $240-280kCurrent monthly cost / $860 mo (mortg,ins,tax)Utilities / $250. mo (elec,gas,water,trash,internet)Cost to run as AirbnbApprox monthly cost with STR insurance ($250/mo?)
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5 June 2024 | 10 replies
Through all of my previous projects I've had W2 income but don't have that for my current project: converting a 1940's gas/service station into a coffee shop and bar.
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5 June 2024 | 8 replies
Two days of your time, $150 in gas, $150 for a hotel?
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5 June 2024 | 116 replies
But the majority of people purchase "average" real estate properties and does not reflect the an increase in HOA, insurance, gas, electric, taxes, management and maintenance.
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5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.
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31 May 2024 | 1 reply
I rent a few condos inside an association, these are located about 100ft-250ft from a gas station.