26 May 2017 | 1 reply
Every passing month without tenants is another month of expenses flowing out of your pockets: taxes and landscaping services (or you could put your time into it to save money, which means you are not putting your time into other investment opportunities) quickly come to mind.
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2 June 2017 | 15 replies
Unit 2: leased until Nov: $700.Monthly income gross: $1300Monthly income with vacancy (10%) : $1170Monthly expenses Taxes: $97.5Insurance: $107.83Property management: $29Maintenance: $65 (5%)Capex: $130 (10%)Landscaping: $50Water sewage: $133Total monthly expenses: $612 Net operating income: $558Cashflow: $250Cap rate: 8.8%Cash on cash : 13.3%Rent to value: 1.7% (2% rule) ---------After purchase I plan to eventually change both units to $675 per month per unit.
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28 May 2017 | 5 replies
What about paint, landscaping, flooring, electrical, etc?
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1 June 2017 | 19 replies
If there's a bit of landscaping to do outside no big deal.
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2 June 2017 | 0 replies
I suppose the same question goes for PM's, contractors, handymen and landscapers.
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2 June 2017 | 3 replies
I've been hands on pounding nails, plumbing, roofing, painting, landscaping, etc on all my flips.
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26 July 2017 | 1 reply
Here is annual data that I received.Sched Gross Inc: $259.3kTax/Insurance: $26.5k (10.2%)Utilities: $18.1k (6.7%)Professional+On-site Mgmt: $23.9k (9.2%) (need to find their SoW)Maintenance & Repairs: $14k (5.4%)Landscaping: $2.1k (0.8%)Admin: $1.4k (0.5%)Total Exp: $86k (33.2%)I'm thinking of adding an additional 12% of gross on for CapEx.
3 August 2017 | 11 replies
I don't want to put my family in a vulnerable financial position by obtaining a loan before having a full understanding of the financial landscape, costs, etc. of my future location.
25 July 2017 | 2 replies
I owned and operated a small landscaping business that I started my junior year of high school and sold it last July due to just being tired of it and wanting to try other fields.
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2 September 2017 | 2 replies
Does anyone in the Akron area have a reliable landscaper, yard maintenance company or person they would kindly share with me.