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29 September 2018 | 7 replies
A Seller owes 8k in HOA fees, is there anyway that I can negotiate that so I can purchase the property at a better price?
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2 October 2018 | 3 replies
To conduct a no-fault eviction (taking properties off the rental market/moving in family), you're required to pay relocation fees determined by the RSO which ranges from about $5k-$21k which is determined on whether the tenant is over 62, disabled, been in the unit for over 10?
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12 October 2018 | 14 replies
If my math is correct,1250 revenue(333) mortgage interest(630) depreciation---------------------------287 <--- what you're calling taxable incomeWhere is the insurance expense, the property taxes, management fees, repairs/maintenance, advertising, etc?
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30 September 2018 | 12 replies
It will allow you to negotiate better terms (essentially lower %) with them, so you will be able to reduce the property mgmt fee expense indirectly.
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3 October 2018 | 8 replies
I don't think I'll cash flow here, so I ran my numbers only on the money I needed to pull out to have no cash in.Financed amount is $100,000The monthly mortgage payment came out to be $435.59 per monthAt a 5.125% rate on a 30 year loan, I calculated a Net Renal Income came out to be $1,140 per monthI split the difference of the range and used $1,200 for an estimated monthly rent and added in a 5% vacancy rate.Expenditures came out to be $613.73 per monthI used an 11% property management fee, which was $125.40.I used $120 for capital expenditure reservesI used $60 per month for maintenance reservesProperty taxes were $225 per monthInsurance was $83.33 per monthThis put me at a Net Operating Income of $526.27 ($1,140 rent - $613.73 expenditures).
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30 September 2018 | 5 replies
Hopefully their fee is a percentage of the rents collected!
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28 June 2018 | 4 replies
Just make sure you are comfortable with the coverage amount.Or...Go to the MO website, fill out the appropriate forms to register your LLC, pick a local registered agent, and pay the fee.
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28 June 2018 | 7 replies
Your agent fees are far too low.
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3 July 2018 | 21 replies
So if rent is late you get the late fee.
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29 June 2018 | 3 replies
My question is this, how do I pay for all the due diligence ie the attorneys fees, survey, sewage tank inspections, etc.