In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.

Personally I do not like providing appliances for tenants as the repairs and headaches start adding up.

I like new construction since there isn't any deferred maintenance and the properties should be relatively maintenance free for the first couple years (although it's good to include maintenance/repairs in your pro forma and maintain reserves just in case). 

Power washing the exterior, repairing the driveway, and painting the front doorWhat was the outcome?

Ensuring transparency and efficiency in managing owner resources is critical1.Clear Communication on Costs: Provide owners with detailed breakdowns of repair costs and explanations for necessary expenses.

Easier to predict expenses - typically no major repairs unless from association3.

Power washing the exterior, repairing the driveway, and painting the front door.

Why mention the tenant will be responsible for appliance repair above ordinary wear-and-tear?

Hi, Jaycee The deal makes sense for me after accounting for all expenses including vacancy, cap ex, and repairs.