John Mark
Tenant Wants to Break Lease; What is "re-rent levy"
20 August 2015 | 0 replies
Also, if the tenant is still on the hook for the lease until it is rented again, are they required to continue providing/paying for basic utilities and lawn maintenance or is this what the "re-rent levy" is for?
Rj J.
Dave Ramsey Philosophy + Buy & Hold Strategy = ........Reality???
29 January 2019 | 66 replies
Furthermore I forgot to mention other expenses such as double the amount of LLC renewal fees per year, double the amount of License renewal fees, lawn moving services, snow removal, flooring, where does this list end?
Scott Titus
Cashflow, Vacancy, late fees?
15 January 2016 | 11 replies
Plus landscaping/lawn care - even you think the tenants will do it, you will do it on some level in low income areas.
William Allen
Cash out refinance success
24 April 2016 | 77 replies
We rented the house out immediately on a long term lease at $1775/month with the tenant responsible for all utilities and lawn maintenance.
Ryder Meehan
When to sell a multi-family rental or hold on?
27 July 2015 | 9 replies
This is on Munger in Dallas, TX (lower greenville area)Here are the numbers:Paid: $242,000 (put down: $60,000)Owed: $180,000 Monthly PITI: $1900Property Manager: $240 (10%)Rent Total: $2400Avg maintenance monthly (lawn care, handy man, etc - I'm out of state): $200As you can see I'm super tight on cashflow, usually under $100/mo.
Account Closed
4 Family Eval...What do you think?
8 June 2015 | 7 replies
Purchase price 180k, closing costs about 6k, initial repairs roughly 5k (based on review by my property manager/inspection)Annual income total 39,300 Tenants pay own utilities, roof is about 6 years old, newer boilers, electric is updatedExpenses $ 23,032.00Accounting $ 500.00 Lawn and Snow $ 1,000.00Property Insurance $ 2,200.00 Property Management $ 3,144.00 Property Taxes $ 5,400.00 Repairs, Supplies, Maintenance $ 3,930.00 (10%)CapEx $ 2,358.00 (6%)Trash Removal $ 500.00 Utilities: Electric $ 500.00 Utilities: Gas $ 500.00 Utilities Water $ 1,500.00 Utilities Sewer $ 1,500.00
Patrick Rowe
Need help analyzing this deal
1 January 2015 | 13 replies
@Bill thanks for the reply, for as expenses the tenants pays all utilities, lawn care.
Bill Kennedy
4 Plex Deal or no Deal.
15 December 2014 | 4 replies
Coin oI laundry 45.00Total Income $1,845Property Tax $151 Insurance $67 Vacancy $90 R&M $180 Management $144 Lawn/Snow $125 Water $140 Gas $65 Electric $50 Trash Service $70 Total Expenses $1,082Purchase price $88,000Repairs $2,50020% Down Loan $17,600 down$70,400 Int Rate 5% P & I $378Net Cash Flow $385/month Cash-on-Cash 23% first yearI'm going to put it under contract tomorrow. 10day inspection period with a financing addendum.
Account Closed
Banks starting to "spruce up" foreclosures?
18 December 2014 | 18 replies
Those you have to be careful with too as they have a knack for creating 'artificial demand' in the form of auto bidding and not necessarily making it super clear that you are sometimes bidding against your self.
Raj S.
Is it normal for a landlord to have the tenant's pay for sewer, water, and trash?
27 December 2023 | 29 replies
Think of washing cars on the front lawn and forgetting to turn off the hose while chatting with a longtime friend.