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24 January 2025 | 3 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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26 January 2025 | 2 replies
Many ServiceTechs cover this via a service call fee.
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5 February 2025 | 35 replies
We will then, as the units turn over, get rents up a good bit further with additional design improvement renovations and hopefully reno into lower interest rates when they drop or at the very least in 5 years on our 20 year we'll have paid off enough to refi into a smaller loan.That is the only kind of smaller deal we can find in neighborhoods where we want to buy now.
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29 January 2025 | 8 replies
I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.
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18 February 2025 | 148 replies
well thank you for your service and as I said best of luck. !!!
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1 February 2025 | 7 replies
Most lenders I've worked with will use the lesser of the current rents or market rents reported by the appraiser when calculating your debt service coverage ratio.
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14 February 2025 | 15 replies
As a savings of a few thousand dollars on furniture, could determine if your occupancy rate is 65% versus 70%...If the revenue is $50,000/yr that's $2,500 in one year (which could be the breakeven for that specific line-item expense).To determine you total breakeven point occupancy rate, and not just related to the furniture, take your operating expenses plus your debt service and divide it by your effective gross income.
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6 February 2025 | 9 replies
Let me know if I can be of service.
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13 February 2025 | 25 replies
In major cities I can get someone out for emergency service typically same day, even if I have to pay overtime for after hours work.
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19 February 2025 | 57 replies
Unless new companies move into the city and create replacement jobs, all that will remain are lower-paying service sector jobs.