Fortunately or unfortunately, the most effective Associations are those that get on the delinquent accounts immediately with a posted Notice of Lien and subsequent foreclosure notice.

That includes all the expenses: advertising, taxes, insurance, management, maintenance, vacancies, entity maintenance, legal fees, evictions, setout fees, damage done by the tenants (in excess of the deposit), capital expenses (not technically an operating expense), etc, etc, etc.

Just a couple of questions, how are you effectively viewing 30 to 50 homes per week?

I sure wish there was a way to report all the damages left behind from tenants this way.

For example, you completely ommitted advertising, management (even if you do it), maintenance (even if you do it), legal expenses, evictions, setout fees, damage done by tenants (in excess of the security deposit), entity maintenance, utilities paid by the owner during rehabs and vacancies, capital expenses (although not technically an operating expense), lawsuits, etc, etc, etc (I could go on and on and on).The good thing is that you're at break even, so this is not a disaster.

Maybe it is my side rather than what you posted.Here is a simple way to think about the 2% rule or the 50% rule.They are effectively the same or at least try to focus you the same way.50% of the gross scheduled rent per year will go back out in expense.

Originally posted by "all cash":Gotta go, time running out on the library's computer.all cashAll Cash,I take it that a side effect of the move is having to find a broadband connection until things are organized at the new home.I just love having to find a connection when traveling or when relocating a home.

The key to effective advertising is getting good at it.

Any damages, warping, or chipping I can fix, and I can even cut and resize them to fit dishwashers, etc.

They are not the cleanest tenants in the world, but they have not damaged anything either.As for the dogs.