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28 February 2024 | 48 replies
You can hire someone to do all this and it will probably still be less expensive than LVP.
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29 February 2024 | 5 replies
My current property manager doesn't instead sending a monthly ledger with the month's payments (company name, pay date, amount) as well as monthly income/expense statement.
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29 February 2024 | 10 replies
See example below: DSCR < 1 Principal + Interest = $1,700 Taxes = $350 Insurance = $100 Association Dues = $50 Total PITIA = $2200 Rent = $2000 DSCR = Rent/PITIA = 2000/2200 = 0.91 Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
28 February 2024 | 4 replies
How much on average should I factor in for my out of pocket purchase cost, on top of the offer price, if buyer is responsible for all closing costs?
28 February 2024 | 6 replies
I do have the business start up expenses, plus the leases are under the LLC.
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27 February 2024 | 19 replies
@Kevin Sobilo will that hurt my case that it was so expensive?
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27 February 2024 | 11 replies
I typically export the monthly metrics from my PMS, then use a excel work sheet to break down gross, fees, expenses for owners on their end of month reports.
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28 February 2024 | 3 replies
Obviously, newer homes are the "safest" bet because they will likely not need any major CapEx expenditure.What's the oldest property you would consider investing in for rental property before major systems (electrical, plumbing, etc.) become a major liability and expense?
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28 February 2024 | 1 reply
Would it be a good idea to pay for the downpayment on a house that’s less than $100,000 and let my lender cover all the other expenses since I paid for the downpayment and I don’t have to pay them back, but I still have to pay the cost of the house and rehab, etc.?
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28 February 2024 | 3 replies
An eviction by an attorney is probably not as expensive as you have heard when you consider only legal and attorney fees.