Annualized, that's over 50% return.You, on the other hand, would be earning about $12K on your $85K investment over 6 months, for an annualized return of just under 30%.So, from this perspective, he's earning a better return on his money than you are *AND* he's putting in less work.

Lessee is responsible for the payment of taxes ($1500 annually), insurance ( approx. $1000 annually), and utilities (not sure at the moment)Question #1.)

Who pays taxes, insurance and maintenance?

This indicates an expense ratio of about 33%, which is extremely low unless you're doing the property management and maintenance yourself (in which case, you need to factor that time/effort into your equation).The reason your expense ratio seems so low is that you have just rehabbed a couple units and just started filling vacancies.

Here's the link http://cashsac.org/about_usAlso, we gained a lot of traction from annual festivals and a farmers market.

I have recently started a new management company and wanted to know how other property managers charge owners for maintenance performed on their properties.

If I were to buy one it would be as a long term income investment.Here are the numbers from one of their properties so you get the idea.Bedrooms 4Bathrooms 2.5Build sq.ft 1252Year Built 1973$ £*Annual Rent 10,200HOA Fees 0 0County Taxes 839Management Fees 600Annual Insurance 450Annual Cash Flow 8,311Annual Net Yeld 13.85%Price of house $60,000Monthly Rent $850Net Yield 13.85%6--- BUCKHURST TRL.College Park, Fulton, Georgia 30349Thanks,Paul Scothern

I just wanted to resurect this thread becuase Im zeroing in on what this will actually cost me and what type of income it would generate.Roughly it would generate $11,300/mo (4 3bed, 6 2bed, 6 1bed & Im operating on the conservative side for the rent amount).Expenses would roughly be debt service of about $6,600, $900 for property insurance, Its exempt from property insurance for 5 years (renisance zone), $700 in maintenance, and I would do all the property management.We are talking the place from the gutting phase all the way to turn key for a million bucks.

Help you define the appropriate business structures, both from a legal protection and from a financial/tax perspectiveHelp you create a tax strategy for your business that will allow you to legally keep as much money as you possibly canHelp you make smart decisions with respect to your individual real estate investmentsPrepare your annual tax returnsRecommend other team members (attorney, insurance agent, real estate agent, etc) who can help make your business a successWhat are your credentials?

Hey Jon, I've had several different companies over the last several months, it looks like they are coming in around $330-350.A few of the things I look for:- Education: I like to work with inspectors who help educate me on maintenance-related issues.