12 March 2024 | 19 replies
AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.
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11 March 2024 | 2 replies
We find ourselves receiving a combination of PDFs, excel spreadsheets, banking statements etc which then require reconciling and organization on our end.
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12 March 2024 | 19 replies
The attorney who reviewed my contract was also able to confirm the typical lease rates.Oh, one thing I forgot to mention is be sure to include how and when the lease rates will increase.
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11 March 2024 | 8 replies
Typically, you just require that the property be vacant for closing.
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11 March 2024 | 5 replies
My most common interaction with them is typically taking over their management contracts, however.
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12 March 2024 | 22 replies
There so much stuff that I don't know how to charge the Dryage and Storage.I am spending thousands of dollars on this clean up and I cannot do anything until 30 days go by.I would love to hear from you what you think would be a fair charge of this storage.Today, 20 days into the period he sent me a really harsh text message, and this is the very first communication I have received, demanding I give his stuff back.
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12 March 2024 | 105 replies
No problemo.case three, wife that work that just crossed border from Mexico, they rent for $1500.Actually they're paying rent more than the typical low end LOLAgain, no need to help them, they able to "figure out the system", the more people think about they have to do this that do this do that, that would create pressure to gov and regular Joe like me, that never cross border illegally LOL
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11 March 2024 | 13 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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12 March 2024 | 75 replies
All properties I receive from her cash flow (barely) at or about 35% DP!
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11 March 2024 | 8 replies
In a buyout I am receiving two cash flowing properties that are with section 8 tenants- currently cash flowing around 20K a year.They are worth about 200K total.