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13 June 2018 | 2 replies
If there are restrictions, you can use a land trust where you are the initial beneficiary then make an assignment to your LLC that will stay private.
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13 June 2018 | 2 replies
Everyone has responded that they appreciate the notice and that they are not the ones doing it.
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14 June 2018 | 4 replies
Make sure the notice is legit.
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22 June 2018 | 4 replies
Send me a private message and I can send you a link to one.
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14 June 2018 | 2 replies
For electric, usually tenants pay for it, sometimes I noticed tenants get their own window units when they think the electric is out of line.To give you my own experience, the home I live in, I once had a 15,000 BTU unit, 110 volts in the living room.
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1 February 2019 | 15 replies
@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses: Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.
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14 June 2018 | 3 replies
I have a Illinois Notice to Quit form printed out and I plan on overnighting this to the property today via certified mail.
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16 June 2018 | 18 replies
I am using Zelle to collect rent from two tenants and have noticed that one (Chase to Chase) is instantaneous, while the other (Wells Fargo to Chase) takes a day or two of 'processing'.
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21 June 2018 | 17 replies
The place we are moving into has tenants and they need to be given 30-day notice once we release our contingencies, one of which is closing the sale of our current property.
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27 June 2018 | 45 replies
I got excited... then I noticed the Pro "Annual" requirement.