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6 April 2017 | 6 replies
She is a 50 or so years old who would afford a 100% or the rent , she has indicated in her application that her daughter (30ish) and granddaughter (11) will be living with her, they are under the occupant section of the application.This lady has a clean record, good credit score and stable job with the county public school system.
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10 April 2017 | 7 replies
If you are busy and need help running parts from home depot or lowes, need a helping hand doing some demo work, clean up, etc....
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6 April 2017 | 17 replies
I've seen clean up costs approach 6 figures for some of my clients.
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13 April 2017 | 23 replies
The lease said to automatically deduct $45 for carpet cleaning when the lease end.
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6 April 2017 | 2 replies
We believe that we can add value instantly by increasing the online presence of the property.Even at the high vacancy rate, creative financing on down payment, and with accounting for property management and cleaning costs (which we plan to pay ourselves to do, but may want to outsource later if able), the cabins at their current rent price will cashflow, according to the actual NOI formula above, so we are feeling pretty confident in the purchase even if the value add play doesn't work out.
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12 April 2017 | 5 replies
quick numbers:$135,000 asking$27,000 down payment (20%)$108,000 mortgage at 5% (guess) = $580Taxes $1200/year = $100/monthInsurance $1200/year(guess) = $100/month (guess, shop around)PITI = $780/month (meets 50% rule)plus10% vacancy = $175 ($1740 rent x 10%)10% management = $17510% capex = $175Sewer/Water bill (I find it hard to believe that tenant pays this) = $150/month (guess)trash/snow removal = $50/month (guess)10% miscellaneous (advertising, cleaning, buffer, etc) = $175/monthtotals = $1680cash flows = $1740-$1680 = $60 Essentially, you will break even if you turn it over to a property manager and are never involved in the day-to-day operations.
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21 April 2017 | 36 replies
It'll last a long time and is easy to clean up spills.The only issue would be if it's an upstairs unit - the downstairs neighbors will hear more sounds than they would if it was carpet.
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8 April 2017 | 7 replies
As the landlord do you have the right to tell them they are dirty and need to clean?
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1 January 2018 | 94 replies
Another update heading to the commercial building to start cleaning and painting!
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13 April 2017 | 29 replies
Only real problem is no one could ever track down the lock box code so we had to break in after closing to inspect and secure with new locksets ( new locksets are normal, breaking in not so much ) A light cleaning and a little paint and it should be rent ready on the 15thHang in there and don't get frustrated when they need everything immediately and then take forever to respond.Roll on,,,,,,