You do not rush out and buy a new garbage pail every time the old one is full to keep tennats happy.

The House was empty, and garbage on the porch.

$1200 a yearGross Operating Income ------->$33,480Total Operating Exp ---->$18,600Net Operating Income ->$14,880Capitalization Rate ->6.0%COC Return (CFBT/ Acq Cost)-2%You didn't even take into consideration Garbage, Landscaping, Reserves, etc...Calculating Income Property Value Using Cap Rate and Net Income:CAP 8% $186,000.00CAP 10% $148,800.00CAP 12% $124,000.00

But, the costs are higher - garbage, sewer, water is paid by the owner and you need to take care of the exterior maintenance.  

I noticed that most of my expenses came from the second property I bought, where I went into it with a low ball offer and allowed the owners to fix repairs so they can get a better price (i.e other peoples work is garbage).  

-Ari Landlord pays for garbage and sewer about $400 annually.  

The deceased family member was a MESSY hoarder, so the house is still packed with his belongings, garbage, and rat poop.

The only reason that forum even exists (we've tried on a few occasions to get rid of it) is to keep the garbage posts off the rest of the site.

I wish there were options for the citizens that these transients burden but unfortunately CA makes that really hard, especially when we can't even kick them out of they are on public land, we have to "give them notice" to move (basically evict them) and then they leave all their garbage.

If a property is within city limits and has city utilities you most likely will inherit a water/sewer/garbage bill.