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Results (10,000+)
David Nacco How do you handle reserves on your rentals?
4 August 2019 | 5 replies
@David Nacco - first make sure to account for the following expenses in your calculations:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...
Matt Hendrickson Informed of Service Animal in Unit Shared by College student
5 August 2019 | 32 replies
In the FHA guidance issued in 2013 in regards to this issue it states a landlord can deny an emotional support animal if the accommodation “would fundamentally alter the nature of the housing provider's services.”
Charlotte Dunford Broker playing mind game with me?
16 September 2019 | 42 replies
That's the nature of the game.
Shiloh Lundahl Are EARLY RISERS MORE SUCCESSFUL than those who sleep in?
24 September 2019 | 78 replies
Admittedly, I am naturally an early riser.
Maksim Easley Renting to a Roommate
7 August 2019 | 11 replies
I personally use a CPA that I have been with for over a decade and she is phenomenal and always finds deductions that I would never find on my own (mind you, my taxes are also more complicated due to the nature of my work and the various investments I hold).
Dante Foreman Money,hustle or knowledge.
30 August 2019 | 48 replies
If you have that, hustling becomes second nature which leads to knowledge and snowballs into money.Focus and attitude are what really matter in life.
Randy Sears Rental property investment tenant issue
5 August 2019 | 2 replies
This is optional on their end as the lease terms are enforceable regardless of the property selling.If their lease is month to month you just follow the termination procedure in the lease so that they vacate within the 60 day required timeframe and you can move in
Michael Masterson Purchase Option w/ Renovation Included
6 August 2019 | 2 replies
What is a reasonable % to charge on a loan of this nature?
Nicholas Galasso DC Semi-detached Single Family Flip
6 August 2019 | 1 reply
Kept natural exterior brick facade as-is with new energy efficient windows to keep the integrity of the home consistent with the neighborhood.
Kendrick Kemp Jr. How would you flip $150 without going broke and losing it all?
7 August 2019 | 0 replies
I am a college student but I’m limited on funds & I was thinking about doing some trading or something in that nature to earn more money or earn extra income but I have no clue how to do so.. any help?