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8 October 2014 | 16 replies
There is no apparent pain here for you to remove from their life.That being said, if the sellers would enjoy a superior steady income without the liability & management that comes with property ownership tenant, you can make a case for them to let you buy the how subject-2 their 1st TD.
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9 October 2014 | 4 replies
.)$0Gross Operating Income (GOI)$17,498Annual Opertating ExpensesElectricity$480Gas, Water & Sewage$1,200Landscaping$400Maintenance & Repair$1,800Property Insurance$1,800 Property Management$0 Real Estate Taxes$1,700Snow removal$1,000Total Operating Expenses$8,380Net Operating Income (NOI)$9,118Annual Debt Service (mortgage payments)$7,053Before Tax Cash Flows (BTCF)$2,065Key Operating RatiosCapitalization Rate6.29%Cash on Cash (COC)6.07%Gross Rent Mulitplier (GRM)7.62Net Income Mulitplier (NIM)15.90Debt Coverage Ratio (DCR)1.29Expense Ratio (ER) Per Unit47.89%Price Per Unit$48,333 What do you guys think?
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26 October 2014 | 1 reply
Allegedly, all were rented at one point, but the owner has been working on them as the leases ran out.4x 1BR: $425, 425, 500, 5002x 2BR: $6001x 3BR: $750Total Rental Income: $3800Revenue: $3800less Vacancy (10%): $380less Electric: $40 (Common Area)less Snow Removal: $80less Gas: $40 (Common Area)less Fire/Liability Insurance: $227less Water: $260less Sewer: $67less R/E Taxes: $533less MGMT Fees (8%): $274NOI/mo: $1900Debt Service: $831Cash Flow: $1069
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14 November 2014 | 5 replies
We oversee the removal and installation of all appliances, ours or theirs, to prevent damage to the building and to assure proper hook-up.
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23 February 2016 | 5 replies
For example, my current pictures aren't great, but I would like to get the listing active now, then remove older pictures and add improved pictures next week.
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30 March 2017 | 25 replies
From the photo they don't look too bad - you could probably do without removing them to save that cost.
23 February 2016 | 16 replies
A quiet title action doesn't remove a valid Mtg.
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11 March 2016 | 16 replies
So I just remove the gas line and people usually put candles or other decor on the fireplace.
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8 November 2022 | 6 replies
I haven't seen private entities typically ask for a subordination, but they could also be stripped by a foreclosure event.You'd need to ask a land use attorney if instead of removing and re-recording the easement, you 'restated' or 'corrected' the original easement.
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8 November 2022 | 12 replies
Would it be easier to remove non-paying tenants if there is no lease, but rather just a month-to-month arrangement?