Tony S.
Questions to Ask a Property Management Company for MF Properties
23 January 2018 | 7 replies
Walk the property each morning to clean up trash, read water meters, proactively look for issues, etc?
Kirk R.
keep it white. racist potential neighbor. wth.
13 May 2020 | 42 replies
Angry tenants, expensive clean up and the risk of mold.
Geoff Pettis
Should I allow pets in a rental?
1 May 2023 | 24 replies
As others have said in this thread, no dangerous/vicious breeds allowed as per our insurance.A nonrefundable animal fee upfront, and a reasonable monthly animal rental added to the cost helps cover the costs of cleanup/rehab once the residents move out.This has opened up the pool I’m interested renters dramatically and seems to keep people in their pets in the property longer.Screening is the key, For both people and their pets.It also helps when are we rehabbing a property to do it in a way that minimizes the damage that pets can cause.
Joseph F.
What are the annual expenses of being your own agent?
15 January 2014 | 9 replies
My life is simple and I do not have to worry about ( What have they done today that I will have to clean up?
Clifton Kaderli
How investors can create a win-win to rebuild Houston
25 September 2017 | 14 replies
Programs and insurance are starting to make progress beyond clean up.
Ryan F.
Question about Brandon's article (multiple mortgages)
15 August 2014 | 17 replies
While this can certainly be true Kim (debt to income can degrade) some key points I'd like to point out to people who might be considering conventional financing and getting loans :- you can use rental income with no landlord experience - Fannie Mae (Freddie Mac requires min 2 years on tax returns or CPA letter to state 2 years exp but most CPA's will not write that letter for you to protect their license)- you can add back depreciation and other non cash losses like depletion or amortization as these items are accounting losses and lenders are concerned with the "actual," cash flow that you will have available to service their loan they are thinking about extending to you- you can add back capital expenses as well if you can document it (make sure to save all receipts and invoices =D) since this tends to occur with investors the first year that complete many capital upgrades. since these are not normal occurrences every year they may be added back to improve your income if the file is structured correctly.- If a buyer buy's property that is still positive after the formula (gross monthly rent X 75% - PITIA) then you will actually improve your debt to income not hurt it contrary to what most think.
Kevin Polite
Strip 401k/IRA or self-directed IRA
28 March 2017 | 5 replies
I am considering moving my IRA to a self-directed IRA and told a friend and he said he took the tax hit and depleted his IRA and is happy he did.
Trey R.
Looking for advice on buying a new house and renting my current
5 September 2015 | 9 replies
Definitely not wanting to deplete my savings..
Waneeshe De Hughes
Ready to start my portfolio
25 August 2023 | 20 replies
I have in-house management that does all of the design, clean up, ordering, set up and licensing with the city.
Account Closed
FHA underwriter wants expense breakdown
6 May 2014 | 4 replies
What I would recommend is to prepare a 1 page "scope of work" which would list the general items that were replaced and an approximate cost.Something like:KITCHEN - Total $17,000.00Replace all existing cabinetry with Maple Cabinets = $8,000New Granite Countertop = $4,000.00Stainless Steel Appliances = $5,000.00MASTER BATHROOM - Total $5,000.00Replace all existing tile and fixtures $5,000.00LANDSCAPING - Total $3,000.00Spring Cleanup and thatching, seeding etc.. $500.00Paver walkway installed $1,000.00Outdoor lighting replaced, re-wired $1,500.00I think you can get the idea from this.