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28 January 2017 | 14 replies
Rental Income 97,308.33 99.5%Total Income 97,813.33 100.0%Expenses1155 Crawford Supplies 1,395.85 1.4%Carpet Cleanings 145.00 0.1%Dumpster Rental 59.78 0.1%HVAC 10,188.30 10.4%Insurance 6,099.35 6.2%Interest Expense 19,672.53 20.1%Labor 9,644.56 9.9%Legal and Professional Fees 500.00 0.5%Licenses and Permits 25.00 0.0%Mgt Fee 1,600.00 1.6% (although it says he managed it personally)Office Supplies 50.00 0.1%Pest Control 800.00 0.8%Property Tax Expense 4,369.76 4.5%Rent 155.00 0.2% (not sure what this is for)Rental Equipment 222.92 0.2%Repairs and Maintenance 5,929.69 6.1%Supplies and Materials 8,867.40 9.1%Utilities 6,270.92 6.4%Total Expense 75,996.06 77.7%Net Ordinary Income 21,817.27 22.3%Cap Rate at asking price of $899,900 2.42%I did some PVA searching and found the assessed value to be at $543,171 which would put taxes at $6092.75 for the year.
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9 January 2021 | 31 replies
Stay in control of everything because that will help you.
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25 January 2017 | 5 replies
Rent control, taking out no-cause eviction and now paying for moving fees?
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27 January 2017 | 12 replies
I always get a roof inspection and a pest control.
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26 January 2017 | 9 replies
This is similar to Rent Control regs, but the subject is ownership, not rents.
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26 January 2017 | 6 replies
(Recommend 5%) (Lawn care/snow removal, legal, accounting, marketing, pest control, etc)You still did not provide the current owners NOI.
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29 July 2018 | 7 replies
You have no control over this.
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26 January 2017 | 12 replies
The landlord need not repair damage caused by the willful or irresponsible conduct of Tenant, Tenant’s guests, or a person under Tenant’s direction or control.
27 January 2017 | 6 replies
I have moved around quite a bit since being a civilian but thanks to my wife putting her foot down I have finally found a home in central Wisconsin.I used to own and operate a pest control/wildlife removal business that I sold in 2014.
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20 April 2018 | 13 replies
Having all tenants on M2M is far more advantageous to landlords as it allows them full control of the property in the event a tenant issue arises.