He quoted a 20% fee for managing each successful booking and suggested we improve the staging of the house, which he would oversee for an additional 10% of the total staging costs.

Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.

In the second year, assuming the same vacancy and repair costs, the cash flow would still be negative by $46.

That 24-hour delay cost him a $40,000 deal that was well within his grasp.The lesson here is simple: time kills deals.

The new investment earns $24,000 a year, but the mortgage + the equity loan cost will be $22,332—and that’s before you account for taxes, insurance, maintenance, capital expenditures, vacancies, etc.

This is a buy and hold investment with the hope to ride some appreciation from all the development of Microsoft.Can anyone recommend a reputable Property Manager? 

Hello all, As a newer landlord looking into self-managing my current singular property, I have come to a crossroads with regards to receiving applications to process.

I plan to get a DSCR loan on it after and cash out refi the renovation costs I put in and put into a LLC.1.

Having worked with multiple property managers and now being part of a property management company, I’ve seen firsthand what separates a good manager from a great one.

Insurance costs like that mean the majority of the value is in the building, not the land, so perhaps that $1.6 million property has a building value of $1.3 and land value of $300k.