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25 January 2019 | 34 replies
It sounds like you are pretty thorough in what you are doing to recoup your losses.
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3 June 2019 | 88 replies
I have known more than a few cases where it absolutely did not, and people (quietly) cut their losses.
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12 April 2018 | 24 replies
On the other side of eviction lies unplanned tenant turnover of which I have done 3, 2 due to eviction and 1 due to tenant death.Every single one of those tenant turnovers has ended up costing at least $15k (repairs and upgrades needed to attract new tenant, lead compliance costs, loss of rent waiting for eviction date and loss of rent filling tenant vacancy).I haven't read anything in what you said that would make me feel I could justify embarking on a course of action that could end up costing me that kind of money.Nothing.If my tenant has financial issues and I pile on late and legal fees on top of that I am making those tenant turnover costs more likely, so I always look for different ways of dealing with this.
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14 February 2019 | 3 replies
By placing good tenants, I reduce their losses which results in more money in their pocket.3.
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22 August 2018 | 4 replies
Then consider the loss of rents and the other operating expenses.
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28 November 2011 | 9 replies
All the income and expenses flow directly onto the single member's tax return.Now, if there are more than one member, then the LLC will have to file a partnership return and divide up the profits and losses.
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1 November 2013 | 19 replies
If we assume your total operating expenses (including rent loss and CapEx) is 50% -- check out "the 50% rule" for more info on this -- then you COC return with a full cash purchase is just under 3%.If you leverage this purchase, your debt service payment will take your cash flow negative, and your returns will therefore be negative.Now, if you're calculating your return on equity or other metrics other than cash on cash, you may see an increased return...but your cash on cash will be lower because the leverage takes your cash flow negative.
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31 October 2013 | 5 replies
Ideally, I would like to give her 30 days to move out and skip the whole trial, unlawful detainer, eviction, loss of S8 voucher business.Maybe I can persuade her to give me a 30 day notice instead.
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11 February 2011 | 33 replies
MHPs may be a cash cow for one individual and a cash loss fo another individual.
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21 May 2014 | 25 replies
If I don't decide to purse this refrigerator (which actually came with the house when I bought it so no real big loss), does it matter if I just pocket her deposit and call it a day?