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28 April 2018 | 11 replies
As we've grown to 120 units we continually struggle with managing the utilities for our rental units.
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2 May 2020 | 2 replies
Utilities are generally public and you can call them to get averages, taxes are public as well and can be pulled either from a assessor website or at their office, insurance companies can give you cash value and replacement value quotes by giving them an address, general rule for running calculations for vacancy is 5-10% of gross income, I have seen maintenance expenses all over the map (anywhere from $300-750 or a % of the rent - those vary depending on the number of doors in the deal as well as how much deferred maintenance has to be dealt with or how much rehab you are going to do to negate the deferred maintenance), contracted services, call a few landscapers and get quotes and use those for your analysis.
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28 April 2018 | 13 replies
I rent out the rooms.What I’ve learned is having a room w a private bathroom is golden for my tenants they typically come from other roommate situation sharing a bathroom, having a private bathroom they see it as a luxury..Typically when rooms are rent out utilities are included, high speed internet is most important Utility for them..
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30 April 2018 | 8 replies
Either way you’ll probably meet great people in the industry and make friends with amazing agents who will help you in the future.
6 May 2018 | 9 replies
The termination of utilities could give you reasonable belief that she’s abandoned the property, but you’d still need rent to be overdue by 14 days and to serve a Notice of Belief of Abandonment.
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5 May 2018 | 12 replies
Because the industry has been a bit overlooked, there isn't the same demand for mobile home parks as there is for apartment buildings.
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23 May 2018 | 6 replies
I'm a Plant Manager at a sand and gravel mine working 65-80 hour weeks and have been in the industry since I was 17.
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1 May 2018 | 11 replies
Hi BP Communtiy, as promised, I want to discuss how i fell into the real estate industry with my first family "deal"My grandparents have lived in Cambridge, MA (10 min walk to Harvard Sq) for 50+ years in a duplex.
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18 May 2018 | 10 replies
As long as the foreclosure was a 1st, and done properly, you will have “clear” title except for any HOA fees and current/back property taxes, maybe some utility bills.
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29 April 2018 | 0 replies
If I am utilizing a LOC against an investment portfolio @ 4.25% Interest with no term, and financing the entire deal, would my Cash on Cash be determined by dividing my annual revenue by what I paid annually to carry that LOC debt?