Dustin Schaefer
Snow Removal and Lawn Care
21 February 2018 | 3 replies
Do you salt every visit or restrict that to only certain times/times?
Krishna Chava
How do property managers get rewarded for increasing rent?
6 June 2018 | 11 replies
Depending on the parking area you get is to have assigned spaces for the tenants and visitors.
Anthony Mikolich
HELOCs and Rental Property
18 October 2016 | 7 replies
I am a fairly regular visitor to Macon, great town!
Sonu Sharma
Long time renter in home being bought - need suggestions
23 February 2017 | 20 replies
There seem to be a lot of unknown variables going in and it probably isnt worth the effort unless the numbers scream at you otherwise.
Max Householder
Closed on our first deal!
1 December 2016 | 6 replies
The seller had owned it since 1949. 4 Units 1BR/1 bath each (these are true 1BR units, not walk-through or "shotgun" style)3 units currently rented at $525, $525, and $550/month1 vacant unit that's turnkey and we have listed for $550/monthThere is a detached garage that should rent for at least $50/month.Gross income = $2200/month, $26,400 annually. 1% rule = 1.19Sales price: $179,900Seller put $3,000 toward closing costs and credited us $4,000 for a handful of minor repairs that came up during the inspection. 30-year fixed rate mortgage at 4.25% with 25% down ($664/month)2016 Taxes: $2,009Insurance: $983/yearTotal PITI: $913ExpensesWater, Sewer, Trash: $218/monthVacancy & Credit Loss: 5%Property Management: 10%Maintenance & Repairs: 15%Total Expenses (w/out P&I): $1127 (52%)$2200-1127 = $1073 - $664 (P&I) = $409 cash flow/monthCash out of pocket (inspection, down payment, closing costs): $45,981Estimated cash-on-cash return: 10.67%This isn't a screaming deal by any means, but it's a solid base hit that gets us "in the game".
Eric Vasilopoulos
Roommates in Rental - Structuring lease for Possibly additional people moving in
21 December 2023 | 4 replies
In his example, he uses a 14-day period to specify when a visitor would have to apply to become a tenant.
Adam Franco
Which bank is foreclosing this house?
18 November 2017 | 15 replies
I found a single family home nearby with overgrown grass and a winterization notice plastered all over the door and windows, this house clearly screams foreclosure.However, when I look the house up, the owner is listed as a person, that same name matching the name on the mailbox.
Bruce Clark
Should I combine two units or use one as an Air B&B?
5 August 2017 | 2 replies
Are there a lot of visitors?
Aaron Cooper
How To Start A vacation rental business?
25 March 2017 | 25 replies
I have one long term rental here in Missoula and I have an acquaintance here who is building on a lot in a hot part of town (for university folk and visitors) and I am trying to convince him to consider vacation rentals for at least one of the units.
Renita Kerr
Should I let tenant move in 2 weeks early without security deposit ?
5 July 2015 | 50 replies
This could be a maybe for me, but I would check with your insurance company to see if you might be held liable for a visitor getting injured in the pool.