Ariel Tobi
Is it normal that PM gets 13% of all repairs and rehab?
22 May 2024 | 30 replies
Here's a PARTIAL list:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Payroll & payroll taxesBusiness income tax preparation and paymentsLabor: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why taking so long, and more & more & more...
Richie Hecker
How do tax lien purchases work in NYC / how can i find lists and auctions?
20 May 2024 | 1 reply
Watch them for a couple years first.I think long island sells tax deeds, but I'm not as familiar with those.
Moises R.
Looking for a $100k DSCR cashout on property i own free/clear
21 May 2024 | 15 replies
You can go as low as $55k as long as the property can appraise for 75k or more
Roman A Sandler
What markets are still worth investing in?
20 May 2024 | 4 replies
Are there any markets which currently do seem to have much better returns (looking to get a 4-10% cashflow + decent appreciation on a $500k-$1M property. open to short-term or long-term).3.
Chan K.
Landlord Leaving your Job
21 May 2024 | 9 replies
If you do, how long have you been doing this?
David Chwaszczewski
Setting up a eQRP vs. SDIRA
21 May 2024 | 138 replies
Both an IRA and 401k can leverage with a mortgage, so long as the mortgage is non-recourse - meaning no personal guarantee from you.
Nicolas Dupuis
Will we be able to use my wife’s income to qualify?
20 May 2024 | 4 replies
As long as you can verify a 2-year history of work/employment in general - then any new source of income can be used.
Barbara S.
Tenant leaves front door open
21 May 2024 | 41 replies
Ultimately he is responsible for his own safety so long as you are providing a safe dwelling; however, if he is endangering others you have a couple remedies as I see it.
David Eyal
Tenants broke up and girlfriend refuses to leave the house
21 May 2024 | 10 replies
I am unsure of laws there but an eviction I think is a long process there if she doesn't leave?