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22 October 2018 | 3 replies
There are rules on what can be capitalized (ie. major repairs, appliances & furnitures) and expensed (supplies, minor repairs, decors etc.) depending on the nature and timing of the transactions.
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19 November 2018 | 0 replies
Hey I’m out of state and I’m trying to build a team in Castle Rock.
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9 January 2019 | 4 replies
On top of that you've got many other things that are variable in nature such as maintenance, vacancy, non payment of rent & utility bills.
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14 June 2019 | 8 replies
And make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...
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5 March 2019 | 9 replies
So when the appraiser branches out to find other 4 plexes, they go into neighborhoods a mile or so away that are significantly less desirable, poorly maintained and naturally bringing in less rents.
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24 February 2019 | 4 replies
It doesn't cost you anything to use it so just leave it sitting until it terminates naturally.
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2 March 2019 | 7 replies
I've seen where just one side of the house settled into the earth more (some 100 year old houses just setting on stacked rocks) and has likely stopped.
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8 April 2019 | 0 replies
My boyfriend has had a stable income the last 6 months, however because of the nature of my job, (I get jobs from different companies 2/3 months at a time), it doesn't look great on paper.
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12 December 2019 | 73 replies
Added 3/4" crushed rock for the driveway and behind the house and bark in the flower bed and along the left side of the house.