Jason Gilmore
Short Term Rental Property 3
31 January 2022 | 0 replies
We are using one of the same service providers for the maintenance of the cabin and a few items were removed after COE, which by the letter of the law, is theft.
Pedro Feliciano
Should I sell my house on a 1031?
1 February 2022 | 3 replies
Thank you response,If I refinance the property without taking money out, it will cash flow after expenses and maintenance.
Trevor Dominique
Deal Analysis: Would you buy this?
3 February 2022 | 1 reply
With the units being only 600 square feet, this $80,000 seems more than adequate.Total Investment: $450,000Monthly Rent: $4,800/month ($600/unit)Monthly Expenses:Vacancy: $144/month (3%)Property Management: $400/month (Plan to self-manage but factoring an allowance here)Maintenance: $400/monthProperty Tax: $300/monthInsurance: $200/monthWater: $400/monthMisc/Other: $200/monthAnnual Net Operating Income: $33,072Total Investment: $450,000Cap Rate: 7.35%Annual Interest Expense: $13,950Annual Profit: $19,122Let me know your thoughts!
Matt R.
Is a fee for smoking enforceable?
2 February 2022 | 4 replies
In order mitigate [1] the irritation and known adverse health effects of secondhand smoke; [2] the increased maintenance, cleaning, and redecorating costs from smoking; [3] the increased risk of fire from smoking; and [4] the higher costs of fire insurance for a building which allows smoking.B) Definitions. [1] “Smoking” means inhaling, exhaling, burning, or carrying any lighted or heated cigar, cigarette, or pipe, or any other lighted or heated tobacco or plant product intended for inhalation, including hookahs and marijuana, whether natural or synthetic, in any manner or in any form.
Jason Simonelli
One Stop-Shop TurnKey Companies
2 February 2022 | 2 replies
Some providers simply sell the property and the investor is left to find a management company, maintenance personnel, snow and lawn care providers, etc.
Stephanie Gledhill
Looking for something to meet 1% rule in Arizona or TN
12 August 2022 | 22 replies
I want it to be low maintenance, so I would like a new(er) property.
Lynn Milos
Memphis Termite inspection - Ridiculous
1 February 2022 | 2 replies
I would clarify with Termite company then explain to the buyer that it's just preventative maintenance.
Danny Del Pino
Property calculators to analyze rentals
2 February 2022 | 4 replies
But additionally, my rentals that were in less desireable areas drew less qualified tenants and those tenants, on average, not only did more damage to properties prompting more maintenance calls, but also were less likely to proactively call if something was weird, and waited until it became a major issue which cost more to repair, i.e.
Grey Stone
Lux Short Term vs Long Term Rental
2 February 2022 | 10 replies
But I love the aspect of LTR being very low maintenance once they are rented.
Tim Marshall
How to take over a property with tenants in place?
1 February 2022 | 4 replies
How do they pay rent, how do they report maintenance, and anything else you need them to know.