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20 November 2024 | 6 replies
My AC unit has another 3-5 years before it’ll need to be replaced so I’m thinking this may be a clean exit before large big ticket items start needing attention in the next 5 years.
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19 November 2024 | 5 replies
Don’t waste time with someone with unrealistic expectations; you won’t make the deal and just set up the client to get realistic for the intermediary that replace you. 5.
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20 November 2024 | 9 replies
The faster you find a replacement tenant, the less the departing tenant has to pay.
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25 November 2024 | 19 replies
The person that replaced him was and still is really bad on communication.
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16 November 2024 | 14 replies
So in that time I should have around $25-30k in pure profit saved up in rents.Once I have finished the rehab and stabilized the property I plan to either sell or refinance within the year.
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18 November 2024 | 12 replies
Given its age, we’re planning for a roof replacement and two new AC units within the next few years, which we estimate will cost around 15 - 20k in total.Our single family rental, built in 2020, is newer, so we don't expect major repairs anytime soon.On average, the duplex runs about $400–500 per month in maintenance and repairs (including significant repairs like AC replacements), whereas the SFR averages under $100 per month.
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16 November 2024 | 12 replies
The area where my mom lives is inexpensive and seems like pure cash flow could be $300-400/ month or more."
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19 November 2024 | 12 replies
Ditto @Michael Baum - a simple 3 ring binder and I update/replace it if it looks even a bit worn down.
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21 November 2024 | 18 replies
The GP was so open and transparent every step of the way with the different types of insurance that were essential, adjusters, replacement cost, debris removal, code upgrade, etc.
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18 November 2024 | 2 replies
Since reserve studies attempt to forecast replacement costs of items over a 30 year period they are having to recalibrate since the reserves they are now using did not use the latest increase in construction costs.