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12 February 2025 | 5 replies
It would cost me only $2300 per month which includes rent utilities furnishing and property management. she showed me one example only of a customer who profited greatly.
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6 February 2025 | 58 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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4 February 2025 | 7 replies
Aloha Joshua, I deal with clouded/messy titles often and it's not my first choice as its froth with a lot of time, costs and risks.
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24 January 2025 | 13 replies
Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.
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11 February 2025 | 4 replies
Sorry one additional item I hit post too soon...The reason I asked about TIA is because you generally want to get a contractors opinion of cost prior to lease during that negotiating phase so you know how much that TIA covers and what you'll be coming out of pocket for.
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10 February 2025 | 6 replies
It could be anything... a mistake in estimating, a cost overrun, or something like the place burns down and the insurance wasn't properly taken out, or theft (of the money outright) or theft of materials along the way.
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8 February 2025 | 9 replies
I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).
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21 January 2025 | 4 replies
You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value.
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2 January 2025 | 50 replies
Yes and a few bookings on Airbnb cost your ranking on Vrbo.