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10 July 2014 | 14 replies
Ohhhh k, so I guess I can get it for $82.The numbers are belowIncome:Unit A Rent: $495Unit B Rent: $555Unit B Pet Fee: $10 (wow)Vacancy Estimate: 8.3% (one month/year)NRI: $972/month $11,660/yearExpenses:Management: 10%($97/month)Leasing Fees: $75 (only for turnover, not renewals)Repairs/Maintenance: 10% ($97/month)Taxes: $54/monthHOI: $65/monthUtilities (water): $80/monthLawn Care (every other week for half the year): $38NOE: $444/month, $5,324/yearMortgage (20% down @ 5.125%): $357NOI: $528/month, $6335/yearCash Flow: $171/month, $2049/yearExpense Ratio: 45.7%Cap Rate: 7.7%Rent/Value Ratio: 1.29%Cash on Cash Return: 10.9%Anything that you guys see I may be missing?
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9 February 2014 | 7 replies
Usually you must get the tenant evicted to get their pets out.
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11 November 2014 | 11 replies
I can describe my pet policy and set up a showing time within minutes and neither one of us even has to write a note because we have a record of it already.
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6 January 2015 | 14 replies
A pet peeve of mine are sites with misspelled and poorly punctuated words.
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20 September 2013 | 1 reply
Do you have any pets?
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21 June 2013 | 14 replies
Or, small things need fixing and they won't tell me to try to save me money.... then it turns out costing me more later than if I had known about the issue when it was minor.I've had friends interested in being a roommate/tenant with me even, and I say "sorry, I can't do pets here."
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27 November 2013 | 21 replies
Make sure your lease is clear as to the tenants responsibility and your responsibility and you are in accordance with your local/state Tenant Landlord Laws.Regarding the actual lease, I have included when rhe rent is due, late fees, how the rent should be paid ( cash/money order, certified check, mail, picked up or deposited pest control, pet addendum (if I allow pet which is based on the property), renters insurance, pet fee & deposit, painting, maintenance request (how to I am contacted) just to name a few.
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28 October 2016 | 6 replies
5) Any pets, how many and what type/breed, and size?
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13 June 2015 | 7 replies
We do charge an additional $500 refundable pet deposit on top of the regular deposit just in case...)
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14 June 2015 | 7 replies
We've had one other tenant skip out owing rent, but in her case it was much more clear-cut as she abandoned the property well before her lease was up - as well as abandoning her pets.