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16 July 2024 | 5 replies
Look for feedback on their service quality, property management, and overall investment performance.
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18 July 2024 | 4 replies
However, Iowa markets have slower appreciation rates and may not be as appealing or gratifying for property management.
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16 July 2024 | 4 replies
They are asking 950K.Gross rents: 100,800Utilities: 3KInsurance: 7KProperty taxes are roughly 10K for each 450K in value.Repair/Maintenance: Don't have figures yet but I'm assuming it'll average out around 10K a year.The lender I am speaking with also requires me to also include an 8% vacancy rate and a 5% management fee whether I have those or not.With an interest rate of 8.15% and 20 year amortization, I can't get close to a 1.2 DSCR until my amount borrowed is down to about 450K.
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14 July 2024 | 11 replies
Let's say they stay in the project for 9 months close to close.
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12 July 2024 | 2 replies
Is it worth the hassle of even trying to manage remotely and just hire out the management side of it?
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16 July 2024 | 21 replies
We manage 400+ units and only a handful are Section 8.
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15 July 2024 | 7 replies
However, I have found it tiring to manage since it is far away from my primary residence.
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15 July 2024 | 1 reply
The house currently rents for $1450/month, we have long-term tenants, and we use a management company.
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16 July 2024 | 0 replies
Does anyone have any feedback on SimplifyEm property management software?
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16 July 2024 | 5 replies
I have properties with swimming pool and playground so I am well aware of the risk management side but a winter item like this is a new for me!