Hi all,Just curious about what to do for my AC/Heat Pump that I purchased 10 years ago and depreciated over 27.5 years that i needed to replace this year.  

Here is more info from their flyer: ExpensesProperty Taxes$83/monthUtilities$175/monthMaintenance reserve$104/monthInsurance (estimated)$125/monthProperty Management$300/monthTotal$788/monthProperty InformationAsking Price $195,000 County Pocahontas CountyProperty type Multi family SubdivisionTotal units 5 Construction Brick/FrameTotal bedrooms 10 Roof Asphalt ShingleTotal bathrooms 5 Water source City waterBuilding size 3304 Water disposal SewerLot size 0.08 acres Heating Window UnitYear built 1973 Cooling Window A/CProperty DescriptionAmazing cashflow!

Heating, plumbing, and hot tubs are the biggest call-outs. 

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Keep in mind it was an 1800 square foot bilevel with a redwood deck, new windows, new roof, new high efficiency furnace with central air, new bathroom remodels, and a newer kitchen.My opinion is that Covid accelerated a market that was already heating up. 

My tenant called me and stove/heat is not working anymore.

Our current home:Outstanding mortgage - $198kPurchased for - $226k Zillow is currently showing house value - $343k (not sure how much stock we should put into this and if this includes the improvements like installing heating/cooling mini-splits and solar -I’ve updated our Zillow profile)We re-fi’ed during the pandemic at 2.75% and mortgage is $1,150/mo.Comparable long-term rentals in the area are going for $1900-$2000/mo.For furnished it seems reasonable that we could do $2300-2600/moWe plan to manage the rental ourselves, to learn from that process and one of us has time to do that.

Goal 2: Address HVAC - boiler heat on my dime is $350 a month vs. passing off to tenants.

After the heat waves of recent in CA I'm seeing orb weaver spiders, but they come out more in the fall.

When I bought Previous owner was paying for heat but had “Lockboxes” on thermostats in units to minimum 68 degrees.