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Results (10,000+)
Jerome Nunez Software / App That Handles Maintenance Requests
28 May 2024 | 11 replies
Hello Jerome, If you buy a BP pro membership you get free access to rentredi, a property management software that does have the features you seem to be looking for.
Todd Swalin Transferring property with a mortgage
28 May 2024 | 5 replies
For a $300,000 property, this could be $6,000 to $15,000.Mortgage on Rental Property:Loan Amount: $240,000 (assuming 80% financed at 4% interest over 30 years).Monthly Payment: Approximately $1,145.Other Expenses:Property Taxes: Estimated at 1.5% of property value annually ($4,500).Insurance: Estimated at $1,500 annually.Maintenance: Estimated at 1% of property value annually ($3,000).Property Management Fees: Assuming 10% of monthly rental income ($2,400 annually if rent is $2,000 per month).Vacancy and Turnover Costs: Estimated at 5% of annual rental income ($1,200).Total Initial Investment and Annual Operating ExpensesInitial Investment:Total Borrowed from Equity: $150,000Down Payment for Rental Property: $60,000Closing Costs for Rental Property: $10,500 (average)Total Initial Cash Outlay: $70,500 (initial investment from equity) + $10,500 (closing costs)Annual Operating Expenses:Property Taxes: $4,500Insurance: $1,500Maintenance: $3,000Property Management Fees: $2,400Vacancy and Turnover Costs: $1,200Total Operating Expenses: $12,600 annuallyExpected ReturnRental Income:Assuming $2,000 per month, annual rental income = $24,000.Net Operating Income (NOI):Annual Rental Income: $24,000Minus Annual Operating Expenses: $12,600NOI: $11,400Debt Service:Mortgage Payment on Rental Property: $1,145 per month, $13,740 annually.Total Debt Service: $13,740 (rental property) + $8,592 (equity loan) = $22,332 annually.Net Cash Flow:NOI: $11,400Minus Debt Service: $22,332Net Cash Flow: -$10,932 annually (negative cash flow initially due to high debt service).Cash-on-Cash ReturnInitial Cash Investment: $70,500Net Cash Flow (first year): -$10,932Cash-on-Cash Return: Not applicable initially due to negative cash flow.Long-Term Appreciation and AdjustmentsProperty Appreciation:Assuming a 3% annual appreciation, the property value could increase by $9,000 annually.Rent Increases:Assuming a 2% annual rent increase, rental income will rise, improving cash flow over time.
Andrea R. Columbus, Ohio Property Management Company let's connect!
25 May 2024 | 4 replies
Looking to connect with Property Management Companies that service properties in Columbus, Ohio and/or central Ohio areas. 
Sierra Williams Property Manager Using Hostaway and Stripe
25 May 2024 | 2 replies
Hello, I have a vacation rental property management business and I have a question regarding deposits into a bank account.
Hannah Joy More value - contractor or architecture licensure?
28 May 2024 | 7 replies
It may be working for another developer would have the most value, or a GC, Project Manager, etc.
Quincy Jones Can’t seem to find financing as new investor.
28 May 2024 | 28 replies
Would you lend your own money to someone that is planning to buy an investment property, but has no experience managing one?
Diego Curbelo Seeking Recommendations for HOA Management in Miami/Broward Area
25 May 2024 | 1 reply
To provide some context, she initially approached our company to manage her HOA.
Brett Riemensnider Offer Accepted on First Rental Property!
28 May 2024 | 15 replies
Build a Strong Team:Surround yourself with a reliable team, including a real estate agent, contractor, property manager, and accountant.
Dalton N Green investing in Tampa FL
28 May 2024 | 6 replies
I have been working with investors, wholesalers and realtors for the past 3 years providing different services for them like list generation, cold calling, lead management and closing.
K S. ADU STR workaround?
29 May 2024 | 12 replies
That interpretation may be the policy and what Senior management are directing, but being clearly specified in the code vs. a policy/interpretation can have two different ways of resolving it.