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31 July 2018 | 13 replies
It's not like a regular rental, so you will need to have days for cleaning/turnover unless you can afford a service to do it in a couple of hours.The type of home you get will just determine what type of client you'll attract. 1-bedroom condo might attract more business clients traveling solo (some of which stay for weeks and have an expense account), 2-bedroom might get more families on a budget, SFH might get more families more willing to spend.
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29 June 2018 | 3 replies
The Contract servicing company("escrow specialists") is forwarding my payments to diTech.
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29 June 2018 | 13 replies
Account Closed Well, maybe i'm not using the definition of turn-key correctly - the property was "near" turn-key as a purchase, but I didn't go through a "turn-key service".
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27 July 2018 | 8 replies
Property taxes are a little on the high end IMO based on your monthly expected rent - I aim for about 1-1 of monthly rent, thereabouts - i.e. if a place rents for $1000/month I would be looking for annual property taxes of $1,000.
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28 June 2018 | 10 replies
The "ops" company provides services, has employees, and character of risk of loss is different than the holding company.
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3 July 2018 | 5 replies
You're at the point where you probably need to find a blanket commercial loan for the entire portfolio, clear the mortgages and either start over on the mortgages or just start aiming MFH.
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28 November 2021 | 11 replies
Once you approach 10 gpm electric power demands would be prohibitive for standard residential electric services.
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4 July 2018 | 13 replies
Annual numbers are:Built in 1984 - Seems to be a B class complexPotential rental income $900K-$1M gross6% vacancy ($60K), $20K addition income from vending/laundry - no other amenities, $65K taxes, 5% ($50K) Capex, $28K Insurance, $16K contract services, $90K payroll/staffing, $150K repairs/maint, $6k utilities (tenants pay their own), $10K accounting/legal, $5k advertising/marketing, $100K (10%) PM (is that redundant with staffing?)
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3 July 2018 | 0 replies
Looking for contractors for make ready service in City Heights.
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4 July 2018 | 3 replies
I currently own a maintenance company here in the Tampa Bay market that services commercial and residential homes through either Realtors, Property management companies, and large REIT's.