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21 September 2017 | 123 replies
We got an agreed price to cut each unit, then doubled it and offered lawn care to the TH tenants for a monthly fee, they loved it.
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12 September 2017 | 4 replies
Are they responsible for lawn care?
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16 September 2017 | 14 replies
This is the approach that cash buyers take to create artificial cash flow.
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3 October 2017 | 35 replies
The first to be manditorily evacuated and we came home to power, water, AC and a nice green lawn.
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13 September 2017 | 2 replies
You don't want to be the only listing agent that isn't playing games with list price to get an artificially high "average % over asking" number.
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19 September 2017 | 8 replies
The guy who cuts my lawn grew up in a house across the street.
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13 September 2017 | 3 replies
You want your place to look inviting, well-kept up, lawn well groomed, shrubs taken care of and looking sweet and neat.
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20 September 2017 | 41 replies
Side note; seattle 1 bedrooms are having dramatic increases in vacancy rates.The retail apocolypse that will kill 40 percent of that sectors square footage needs in the coming decade, no yeild in bonds, artificially cheap money(interest rates) and an old bull equities market has everybody fishing in the same shallow pond.Please keep your job until you have something SECURED.
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14 September 2017 | 11 replies
But they can easily turn on you if they are run poorly.I personally love condos, because I don't want to worry about a 20K roof repair, or exterior structure / lawn care.
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15 September 2017 | 3 replies
One-time Expenses$1000 - Acquisition Costs (minor rehab, legal, & inspection)Annualized Expenses10% Gross Annual Rent - Vacancy Costs (turnover & lost rent)10% Gross Annual Rent - Property Mgmt (standard)$1176 - Repairs & CapEx ($1 per sq foot for tpical property)$1516.46 - Property Taxes (5 year historical average for typical property + 10%)$1000 - Property Insurance (a nice round number: seller reported that he paid $708/mo for one duplex)$27 - Water & Sewer (average across several properties from last month)$0 - Gas, Electric, HOA, Snow Removal (tenant pays or not applicable)$60 - Lawn Care (I made this number up)COMPARATIVE ANALYSIS:This is my analysis of the five properties that are being negotiated right now, listed from best to worst.Property Alpha (two-flat)$1250 - Income, Monthly (actual)$567.37 - Expenses, Monthly (estimated)$42,000 - Price, Signed Contract36% - Cap Rate (Annualized Income / Price)16.6% - ROI, After Tax (annually, assuming 15% income tax)6.0 Yrs - Until this property pays itself offProperty Bravo (two-flat)$1100 - Income, Monthly (actual)$537.37 - Expenses, Monthly (estimated)$42,500 - Price, Signed Contract31% - Cap Rate (Annualized Income / Price)13.1% - ROI, After Tax (annually, assuming 15% income tax)7.6 Yrs - Until this property pays itself offProperty Charlie (duplex)$1075 - Income, Monthly (actual)$532.37 - Expenses, Monthly (estimated)$55,000 - Price, Informal Discussion23% - Cap Rate (Annualized Income / Price)10.7% - ROI, After Tax (annually, assuming 15% income tax)10.3 Yrs - Until this property pays itself offProperty Delta (SFR)$875 - Income, Monthly (actual)$492.37 - Expenses, Monthly (estimated)$48,000 - Price, Informal Discussion22% - Cap Rate (Annualized Income / Price)8.8% - ROI, After Tax (annually, assuming 15% income tax)13.6 Yrs - Until this property pays itself offProperty Echo (SFR)$770 - Income, Monthly (actual)$471.37 - Expenses, Monthly (estimated)$62,500 - Price, Informal Discussion15% - Cap Rate (Annualized Income / Price)4.1% - ROI, After Tax (annually, assuming 15% income tax)24.4 Yrs - Until this property pays itself offNotice how the price keeps going up?