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6 December 2024 | 1 reply
Can anyone provide insight on the average cost of insurance for Airbnbs with pools in the Boston area?
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8 December 2024 | 1 reply
I think your best approach is to pretend you are the investor yourself, calculate build cost (mortgage with interest) + Maint / cap expenses/ management fees according to your zoning and then compare that to the average rent in that neighborhood.
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3 December 2024 | 5 replies
For example, bank accounts we control and specific investor capital accounts are all tracked in this same software.For our investor reports, each month we download spreadsheets, write a narrative for the month's performance and then export it all to a PDF.
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7 December 2024 | 4 replies
But it is not an easy home to fill given the rental rate is above average for the neighborhood (but well below average on a $ per sq ft basis).
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8 December 2024 | 1 reply
Are there any good resources online to be able to get an idea of average monthly/yearly expenses like utilities, etc. for a given zip or city?
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10 December 2024 | 6 replies
From what I’ve read in the Wall Street Journal, average rents in Providence are up about 15% over the last two years, which could work in your favor.
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12 December 2024 | 7 replies
Just calculate the average price/sqft and use this, but this isn't good because some out of date also get sold, and the likesFinally, how closely do investors follow the 70% rule?
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10 December 2024 | 100 replies
Conversely keep in mind the prevailing "average" for Property Management fee is 7%+.
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10 December 2024 | 12 replies
Percentage is a rule of thumb, so whether you get a 100 a month or 1000 a month, your maintenance is going to average around a fixed number not a percentage of your rent.
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9 December 2024 | 9 replies
Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.