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27 January 2025 | 21 replies
At the very least you'll always know where you stand in any given situation, something few investors are secure about.
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26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
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2 January 2025 | 2 replies
You can then tell the security office to disregard any alarms the rest of the night if needed.They run off of batteries and need to replace about every 3 years.
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5 February 2025 | 205 replies
As long as you’re building with future hurricanes (wind and flood) in mind you can ensure that you’re prepared for future storms.
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22 January 2025 | 12 replies
But be mindful of the debt service requirements and ensure your rental income is sufficient to cover the loan payments.It’s definitely possible to scale up with DSCR loans—many investors use them to build large rental portfolios.
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30 December 2024 | 6 replies
This ensures the landlord is notified any time the policy is changed, canceled, or renewed, making it easier to track without relying on the tenant.The difficult part is enforcement.
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8 January 2025 | 10 replies
You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.
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15 January 2025 | 8 replies
However, it’s important to ensure the area is safe.
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19 January 2025 | 6 replies
The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.
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14 January 2025 | 1 reply
I just had tenants move out of my investment property (duplex) without paying for the last month's rent, and the damage they inflicted onto the property exceeds their security deposit amount.