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2 November 2018 | 15 replies
As for the rest, there are major differences between Net Operating Income and Net Annual Income (or annual Cash Flow – which I consider the real measure of an investment performance, how much money puts in my pocket on a regular basis) and Cash on Cash Return on Investment.Net Operating Income is calculated before debt.Net Operating Income = Gross_Annual_Rent – (Vacancy + Operating_Expenses)Where Operating Expenses = Taxes + Insurance + Monthly HOA x 12 + Monthly Management Fee x 12 + Repairs and Incidentals (Warranty, Utilities if any paid by owner and/or during vacancy, CapEx reserves, etc., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).
28 October 2018 | 5 replies
In July I completed a lot of updates to the house (new well, new 200 amp electrical service and panel, new windows, replaced forced air ductwork, added a bathroom.
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28 October 2018 | 6 replies
If it's something pressing (e.g. no heat) I will go over after work and do the service call.
16 November 2018 | 2 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.
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21 April 2021 | 29 replies
Do you provide similar services as they do?
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21 November 2018 | 1 reply
Hi, I'm looking for recommendations for a handyman that can service the Miami FL area?
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1 November 2018 | 3 replies
You need to approach the service provider directly.
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29 December 2018 | 19 replies
I then use a skiptrace service to find the cell phone numbers.
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9 October 2019 | 6 replies
If you can identify, name, and get service on the former owner(s) then you can do the much easier and cheaper in personam QT, which you can often do yourself without an attorney.
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31 October 2018 | 3 replies
They are very consultative, do great work, and super affordable compared to the other companies I've vetted for services like tear down, haul away, installation, and warranty period.