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15 October 2012 | 6 replies
I've factored in Taxes, Insurance, Cleaning, Snow/Lawn, Turn over.Your expenses are missing a few things: Maintenance, Vacancy, Capital Expenditures, Utilities During Vacancy, Legal/Accounting, etc.
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10 October 2012 | 10 replies
Have you verified with the tenants via estoppel letters that the leases are accurate, they are paying the stated rent and that they DO pay their own utils?
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15 October 2012 | 5 replies
Who owns these the city or utility company or you?
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15 October 2012 | 8 replies
So that is also something that needs to be in the agreement (when I was selling and not giving keys, I had that explicitly stated in the agreement).How about utilities and property taxes?
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17 October 2012 | 16 replies
I have a duplex built in the 50's I noticed that a similar duplex down the street was for sale and upon viewing the pictures I noticed it had a washer dryer hook up stuck in the utility closetthe owner moved the hot water heater to the left and and expanded the space I decided to do something similar in my unitsI actually used one of the hall closets there are two in the unit one near the kitchen and one outside the bedrooms I decided to use the one nearest the kitchen and ran plumbing and electrical to the closet widened the opening to accept a stack washer and dryer and installed vent holes and duct work to remove the lint.from the dryerof all the things I did in my unit from tiling to new lighting and laminate flooring over carpetprospective tenants seem to appreciate the washer dryer hook up the mostI think a close second is the laminate flooring but I wont know until it is all down and I have my first looks.this is probably old news to you veterans out there about converting a closet into a washer dryer room but I am a newbie and just happened to stumble upon this idea when I saw my neighbors house otherwise I may never had had the inclination to do it.
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17 October 2012 | 10 replies
Often times renters struggle with having their own transporation so need to utilize public transit.
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19 October 2012 | 9 replies
Be sure they are all bidding the same work, specifiy materials where possible, so that you're comparing apples to apples.
17 October 2012 | 5 replies
I assume you mean tenants pay all utilities.
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5 January 2013 | 24 replies
In my state (California), a death in a property is considered a "material fact" and MUST be disclosed if the death happened in the previous 3 years.
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4 November 2012 | 27 replies
It is good for checking delinquent utility bills and judgments from other landlords.