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Results (10,000+)
Roger Sands How Much Should I Increase Rent?
19 March 2024 | 10 replies
Depends on a lot of factors including:- Was the property under-rented or at market?
Salvador Covarrubias DSCR requiring painting
18 March 2024 | 7 replies
Sometimes there are cases appraisers will report fixtures that need to be taken place.
Jenny Lian Security Deposit Reconciliation
19 March 2024 | 3 replies
Normal wear and tear is not covered so painting you may or may not include.
J Newman Property Management Software - Rent Manager, Innago
19 March 2024 | 4 replies
We are now investing in an advanced CRM that will interface with our PM software for even more customization and automation - including hiring a specific expert to implement it for us.It will be a painful learning curve - short-term pain, for long-term gain.Suggest you make your list as you learn on the fly about what various softwares offer.Check these out: Buildium, Doorloop, Appfolio and Rentvine.Take your time, because switching is another painful task:(
Account Closed PM maintenance team overcharging hours?
18 March 2024 | 29 replies
I use Baselane for most tenant-related features including tenant vetting, developing the lease, collecting deposits, collecting rents and for all my bookkeeping related features.
Patrick Fanning Tenants Complaining About Upstairs Noises
20 March 2024 | 8 replies
Make sure you are priced competitively for the unit without heat included.
Mike Mutabazi Hard Money lenders.
19 March 2024 | 16 replies
This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Julio Gonzalez Incentives for Cost Segregation Studies
19 March 2024 | 0 replies
Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?
Rubin Sanders How Does It Work ?
19 March 2024 | 2 replies
It's done all the time and even better when you market it and include the current plans and permits (assuming you have this in place).
Ryan Marble Cash on cash return
20 March 2024 | 21 replies
Then let appreciation and principle pay down come into play to get you up to 30% or so.Most people here on BP will push for self management, myself included.