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22 February 2025 | 30 replies
I did this and Jimmy and I became friends, sometimes travelled the “guru” circuit of those days together, and I stayed at his house and he often stayed at mine.
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21 February 2025 | 32 replies
My goal is to make the most strategic move that maximizes profit while managing risk effectively.If you had $25K to invest, what would be the best option?
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3 February 2025 | 37 replies
It's best to have a house manager.
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21 February 2025 | 9 replies
I've been managing 70+ midterm rentals for over 3 years and we have never housed a traveling nurse - in our area, their stipends (or what they are willing to pay) are much lower than we can get in rents with other prospective guests/tenants.Utilities are included at all of our properties and that is common practice here.
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28 January 2025 | 5 replies
I dunno @Mike Francis, this has come up before and I still think that you aren't going to get a ton of traffic from being on there.
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16 February 2025 | 1 reply
→ A property manager could do that.📌 Maintenance Issues?
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20 February 2025 | 7 replies
Perhaps I could help with some recommendations for other contractors to bid on the roof and foundation or even a new property manager.
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15 February 2025 | 6 replies
It's best to have a property manager involved because they usually know the rules etc.
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19 February 2025 | 2 replies
I also run a cleaning business in Las Vegas that works with a lot of real estate investors and property managers, which has been a great way to meet industry professionals.
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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.