The reason they do not allow 100% of the rental income is because they assume 25% will get eaten up with maintenance, repairs, management, etc (they are effectively accounting for your properties operating expenses) With that said, they place a cap on the qualifying rental income at your PITIA (principal, interest, taxes, insurance, association fees).

You can call and email from the software, process payments, send leases, integrate with an online resident portal, track renters insurance, receive maintenance requests,  and the list goes on.

it is all about being creative in your offer and making sure that it is align with what you want, but also satisfying the sellers needs.When you are looking at expenses, get a rent roll, 12 month maintenance history, any renovation background etc.  

Good evening and Happy New Year.For a single family home, what is the common practice in NJ (if there is such a thing) for landscaping (maintenance), snow removal and pest control; who should be responsible for those, landlord or tenant?

When you are finding your monthly net cash flow, are property management, maintenance, utilities, capex, etc percentages of gross rent, or percentages of your gross cash flow (net rent - PITI)?

I like to have a sit down conversation with them and talk about any concerns they have as well as any deferred maintenance.

I also want to be doing two maintenance calls to the properties per year (I did this before and ensured good upkeep of the properties). 

New furnace good for 15 years.Contractor recommends 80% (for a rental) because of maintenance issues with extra venting and water condensation that needs to be removed.

I had been doing maintenance on the property for about 12 years How did you finance this deal?

ExampleIf you financed 100% of the purchaseRent= $1,500Expenses= PITI (principal, interest, taxes and insurance) + maintenance: $1,400Cash Flow = $100/monthIf you paid Cash for the purchaseRent= $1,500Expenses = you would not be paying principal or interest so it would just be- taxes + insurance + maintenance: $700Cash Flow = $800/monthBig monthly cash flow difference due to the financing and can make a bad deal look good with a cash purchase.