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20 August 2018 | 4 replies
My property manager went over today to inspect the unit after move out and found a citation on the door for $750!
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8 August 2018 | 0 replies
We get dehumidifier that day, cleaned up walls the day after at her request (plans that night), caulk windows, door, and wall/floor corners, and call plumber for good measure.
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9 August 2018 | 18 replies
Last year I did 2 houses right next door 77083
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14 August 2018 | 11 replies
The SFRs I've analyzed in Dayton usually have less than $150 cash flow, where the 2-4 unit properties (depending on area/price) you can still meet $100 per door criteria.
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9 August 2018 | 31 replies
Personally I would not send a letter or an email .i would drive right over there immediately walk rIght up to the door and tell the idiot to hIs face to lose the dog or he will be evicted then I’d hand him the quit or pay notice right then and tell him to improve his conduct or him and Fido will be whimperIng on the street . ..or you could kindly send him an email bake him some fresh sugar cookies and ask him if he was willing to compromise with just 3 pit bulls in the house
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10 August 2018 | 1 reply
If your money is already out the door, it may be too late to force a change- after all, they have it.
11 August 2018 | 4 replies
All units have been rented between $1400-$1475 per door.
9 August 2018 | 8 replies
If he doesn't keep good records, then you have a bit of a problem, and will have to calculate it yourself.Finally, with all the information you've collected, you determine if it is a good deal or not.Based on what you listed above here's an example ballpark monthly budget:Principle & interest: ~$1,000 ($195k loan @ 5%)Taxes & insurance: $300-500/mo (depending on your locality)Utilities: $200/mo for water (most 4-units has the owner paying water)Vacancy: $140 (based on 95% occupancy at $2800/mo)Maintenance/Capital expences: $280 (standard 10%)Management: $280 (10%)Total: ~$2,300-2,500, leaving you with a profit of around $100/door, with only $10k invested.
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10 August 2018 | 1 reply
Friend of mine has been offered a portfolio of properties, 4 buildings, 3 of which have commercial units downstars, 25 total doors, appraised value $3.5M.
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8 August 2018 | 4 replies
You still had to pay for the dryers, but people got around that by letting their clothes dry on to of the heating vents in their dorm rooms.The floor RA had a sign on the door to the laundry room on his side of the hall that read, "KEEP THIS DOOR CLOSED.