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28 December 2024 | 12 replies
I would consider getting out of property management and getting into cleaning IF you think they are doing better than you .
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21 December 2024 | 14 replies
We've never actually had a tenant use it after reading the addendum (which was our goal), and I think it helps prevent problems when they understand the myriad issues involved in its use.
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18 January 2025 | 21 replies
Needless to say, many parties are involved, and they all need to be established and verified, or your business will suffer greatly.
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3 January 2025 | 0 replies
I know what seller financing would involve in regards to me (the buyer) having to pay a interest rate set by the seller and the monthly payments also set by seller.But what are the benefits of seller financing a property?
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3 January 2025 | 1 reply
Got insurance involved and use that money to remodel the entire inside, and add a new roof.
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1 January 2025 | 5 replies
I don’t want much if any involvement because I’ll be doing other things.
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1 January 2025 | 15 replies
Its like the Airbnb that says $20 a night but when you click its $100 cleaning fee.
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4 January 2025 | 6 replies
I recommend reviewing your local laws to understand the requirements involved.
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4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
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4 January 2025 | 9 replies
We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.