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24 May 2020 | 6 replies
Tenant Pays that let the water overflow onto the floor, You get bids for repair, may or may not be an insurance related claim, you could check, does your renter have renters insurance, maybe they could file claim with their insurance.Take photo's and your gonna have to work with tenant living in damaged unit, so be prepared to be asked for rent reduction for days of inconvenience. and clean up of their items. and this should be part of what's included in costs in my opinion.
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9 November 2016 | 13 replies
Several outfits only offer the inspection.They should be licensed in Indiana through Professional Licensing Agency, carry General and E&O insurance, send you digitally documentation with photos and videos, and offer other items as part of the inspection package.
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8 November 2016 | 6 replies
Should also account for property management even if you are doing this yourself.Even ignoring possible missing expense / budget items, if your cash flow (NOI) is 9.6K (800/M * 12) on an investment of $780K, that is a 1.2% return.
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14 November 2016 | 10 replies
It seems this would only help you maintain or capture more rents.
15 November 2016 | 10 replies
This is another item that needs to be included in the lease.
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8 November 2016 | 3 replies
Alternatively, you can itemize on the following:Maintenance/Cap-ExProperty TaxesInsuranceProperty ManagementUtilitiesLandscapingMonthly Income - did you include vacancy in this or no?
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7 March 2020 | 18 replies
The call center captured who accessed the property and when.
22 November 2016 | 6 replies
You can get hit with big CapEx items that'll gobble up your cash flow for some time.The value of SFRs isn't based on anything in particular, just market sentiment.
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25 December 2016 | 6 replies
Put items on it daily!
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4 April 2017 | 1 reply
Has significant emotional upset with regards to this property and a series of previous contractors stealing money and doing poor work.Potential Total Profit at outset: $25,000 - anything I loan to investor 1's entity (after 10% sale & closing costs & concessions)4 weeks later / progress to date: I've spent/loaned $10,000 and worked 100 hours at the property to check items off what's needed before we can list the property on MLS.