Do you know what profit factor is?

Taxes are factored into the expenses, (14,300).Assuming the numbers are as stated what do you guys think?

Kristine,I think another factor that I alluded to in my original post is that a lot of people have been waiting on the sidelines and are now getting in the game.

Two most important factors in getting a modification is getting the numbers right going in and meticulous follow up as the servicer will loose paper work , take forever to review paper work and than tell you to re submit paperwork because the documents submitted are too old.

I've seen options go from anywhere $500-$15,000 or (1%-10%) Also another key factor will be type of property, value etc.Hope this helps

Statistics show that tenants use up to 40% more water when they do not pay for it.Your options are usually to:1.Have the total rent include water,sewer,and trash.2.Sub meter out the units from the water company if they allow it3.Prorate the amount of water usage for the building an bill each tenant.4.Have a company bill them instead of you.5.Have a private company install meters which is cheaper and they bill the tenant for what they use.This avenue you are still responsible to pay the water to the city/county even if you bill the tenant and they do not pay.On lower income housing I see about 60 to 65% pay their water you bill them for every month and the rest you have to chase for the money.You have to pay the water company regardless.The other factor is tenants will let friends was cars with the outside spigot,take showers,do their laundry,etc. and the tenants will also usually not report leaks or drippy faucets as they do not pay for the water.Another thing to look out for is what does the city/county charge for water and sewer rates.If you research a county you might find they have upped the water rates by 50% in the last 6 years.So one county using 1,000 gallons costs you 100 and in another county it costs you 56.You have to really look at how old the water and sewer system is for the city/county etc. and look at all the costs.I can tell you water is the talk of the town with buyers of multifamily.It can just crush your bottom line.

The factors that I think save a landlord time and money are:- Tenant selection and related to that the type of product you buy is key.

Good morning all, I need to simplify my thinking.I have meetings In Dayton in the next few weeks to discuss how I can benefit the immediate community in which have been active.Meetings are to be scheduled with Catholic charities, Several veterans organizations, The state department who places refugees in the area (predominantly from Nepal) and who prefer a pocket in town that is particularly inexpensive) My original plan was to offer housing on a room by room basis That will be fully supported with services including lawn care and maintenance, and all utilities included.

If you are keeping this as a rental I'd factor in some repairs down the line, HVAC, water heater, etc.

You'll need to expect a much higher repair budget, have you factored that in?