There are a number of approaches to the increase; property taxes went up, insurance went up, some utility that you might pay has gone up (maybe trash or sewer), can't risk losing IRS deductions for expenses by having rent too low, common area maintenance increased, etc.

Over the past 38 rehabs, we've averaged $26,470 on rehab (labor and materials).That said, the average is pretty meaningless here -- to give a more informative breakdown:- 5 of those "rehabs" entailed spending less than $1000 (wholesale deals);- 3 of them were over $1K but less than $10K;- 12 of them were over $10K but less than $20K;- 4 of them were over $20K but less than $30K;- 7 of them were over $30K but less than 50K;- 6 of them were over $50K but less than $100K;- 1 of them was over $100K.As you can see, they're really all over the map...

We bill back all the utilities and simply put it in Excel to provide a monthly bill for them.

Yes I have seen section 8 be in a constant flux of change.If the tenants income increases then section 8 adjusts the voucher amount.Also here you can list in the lease that the tenant pays a certain amount of utilities and that is fine.Some section 8 areas they will pay 800 for a 2 bed but then all of a sudden readjust to start only paying 700 which is not market value.These section 8 tenants never make up the difference from what I have seen.So you accept the lower rent or evict them and get a regular tenant for 1,200 more a year in cash flow.I don't know with the election and many government programs in flux how stable section 8 is currently.Might be a bad decision to base many of your renters off of that income stream.

Be sure to take in as much as you can, this site has a wealth of information that can help you get started the right way if you correctly utilize it.

His website has reasonably priced training materials (under $100 last I checked), and I'm sure that he has materials to cover your request.

Service was off already, and utility company fixed it right away.So far they are paying the rent (no utilities, though, I suppose), but I was wondering what your process is.

This is exactly why I started this discussion though...wanted to find some material that is more up to date...

Well i wish i would have taken more pictures during construction (i forget to take them every time and regret it big time later) but here are the pictures.If anyone has any questions about the process, NY permits (stress), or materials used ..im here to help.

As a Realtor in my local market, I still utilize different agents (even agents outside of my company) to help for our flip business.