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5 September 2024 | 13 replies
It might rent for $800, but the rehab costs would be so high compared to it's ARV.
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6 September 2024 | 9 replies
I've run the numbers on a bunch of properties using the following numbers:- vacancy 6%- Property tax 0.44% of list price per year- Insurance $250 / month- Capex 5%- Repairs/Maintenance 5%- Property Management 10%I've found a couple with a slight positive cash flow (no more than $50).
5 September 2024 | 3 replies
If you have a property manager you are working with, they might be able to assist as well!
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4 September 2024 | 11 replies
Why are you hiring property management to manage one single-family home?
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8 September 2024 | 31 replies
I made the mistake myself early on of canceling deals way to easily, now I expect extra costs.
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4 September 2024 | 7 replies
Expensive and waste to replace all since upper cabinets are all good, having all cabinets painted would cost $1500 - also not cheap, the paint may get chipped easily. 7.
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5 September 2024 | 3 replies
It demanded to replace full flooring, scrape walls and repaint costing entire year worth of rent from that unit.Question: are there technical solutions inexpensive to remove cat urine instead of replacing all wood , carpet and walls?
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6 September 2024 | 24 replies
Fire property managers IMMEDIATELY as soon as they start sucking!!
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31 August 2024 | 4 replies
Settlement Fee to Title Company: $895 [I think this is high and seems like they are putting the entire settlement fee on my side and its not listed under my contract costs above]O.
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5 September 2024 | 8 replies
I can't speak for all investors, but I know I have become more conservative with the rising cost of construction, interest rates, insurance costs, and vacancy hold outs.