10 March 2019 | 33 replies
Shooting from the hip here, but condo fee (-$100), routine maintenance and capex (-$100 monthly), vacancy (-$50), taxes (-$100), insurance (-$40)... all of a sudden, your $1k rent is returning you like 600 a month, or +/-7k a year, or +/-5% returns.Oh, AND you can't afford to have a property manager, so you have to do all your own tenant placement and management!
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15 March 2019 | 31 replies
Once you get familiarized with the routine tasks then start to take on more
8 March 2019 | 15 replies
Find one or two you like...and get in a routine of listening.
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9 March 2019 | 8 replies
It's that you routinely refi properties as part of your business practice to purchase other properties.
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9 March 2019 | 2 replies
Although tenants will take care of the routine lawn mowing, they will not care for the landscaping adequately.
18 January 2016 | 4 replies
A line of credit lets you draw on funds, as needed, for routine operating expenses up to the maximum amount of the credit line.
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24 January 2016 | 20 replies
While meditating this morning (I'm trying out the miracle morning routine recommended by the latest podcast, committing myself to it for at least 30 days), one question came across my mind.
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17 January 2016 | 3 replies
@Hae-Yuan Chang here is a BP Blog post that explains CAPEX reserves. https://www.biggerpockets.com/renewsblog/2015/10/13/real-estate-capex-estimate-capital-expenditures/You should also budget a minimum of $500 per year for routine or emergency maintenance.
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7 September 2018 | 2 replies
Whatever you define as success, I believe that these nine habits will help to develop a routine that can be build around your daily schedule.
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20 June 2019 | 11 replies
If past that date I'm not getting paid, so my vendors aren't and if it happens multiple times I switch vendors and part of that monthly mgmt % is for my time to manage this process and/or find better services for you. 2) Get agreement on flat fees for the various routine cost such as landscaping, inspections, lock changes, etc, and require them to submit their vendor invoices as backup.