
23 April 2024 | 2 replies
Ideally, I want something I can confidently show to potential investors that includes all the key metrics they and I would need to consider when evaluating a property.

24 April 2024 | 5 replies
Time for a pro and con list: Pros: consistent rent prequalified tenants higher profit margins free marketing less evictionCons: required inspection security deposits are not included delay payment before the first payment

24 April 2024 | 4 replies
This is 20% off, or 80% of the original total cost, if you include interest.

22 April 2024 | 18 replies
. $99)[REALLY NEW] https://www.incomedigs.com/&nb... online, seems good but so new... also $600 for the bootcamp) These fees above include books/video courses & chart of accounts download but do not include any personal help with setting things up, in-person instruction, or ongoing maintenance.

23 April 2024 | 9 replies
Mostly I just want a platform that reliably works for pre-screening, credit, background, leasing, payment, and reporting maintenance issues.

23 April 2024 | 2 replies
For tax purposes, the LLCs are disregarded entities, and all income and expenses are reported under the holding company.
23 April 2024 | 8 replies
Include not only the mortgage payment but also taxes, insurance, property management fees (if applicable), maintenance costs, vacancy allowance, and any planned capital improvements.
23 April 2024 | 2 replies
I have assumed their leases and added an addendum that includes a few items (no auto renewal, new payment address, etc… ) which I am planning on asking them to sign.I sent non-renewal letters about a week after closing (early April), which gives them way beyond the 30 days' notice.

24 April 2024 | 7 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

23 April 2024 | 2 replies
Expenses like this include things like property taxes, insurance, maintenance, administrative and office costs, payroll, marketing expenses, and property management fees.