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3 June 2018 | 6 replies
And that some will disagree with as well."1% rule" = monthly rent should be at least 1% of acquisition costs; for some, acquisition costs include all purchase related costs PLUS any repairs / improvements needed immediately upon purchase."2% rule" = monthly rent should be at least 2% of acquisition costs; this rule applies more so for lower rent amounts, roughly $500 (and lower), and can be difficult to meet this rule at higher rent amounts.
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7 June 2018 | 2 replies
AGE OF HOME (ASSUMED REPAIR COSTS ON OLDER HOMES)4.
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19 June 2018 | 2 replies
I think the repairs needed (before having an inspection) are complete gut and remodel of bedroom, partial remodel of kitchen, fireplace inspection and repair and 2 years out on a new roof.
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15 June 2018 | 1 reply
Again I would not go below 5% for Repairs
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3 June 2018 | 2 replies
I've done literally everything that could be done on a home, from roofing to siding to drywall to foundation repairs.
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6 June 2018 | 8 replies
Ask around and see if anyone has had issues getting repairs made by the association.
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27 June 2018 | 21 replies
Outdated but well maintained, minimal repairs done so far.
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4 June 2018 | 3 replies
However, it suffers the highest turnover among all 3 types. 3 bedroom is the worst Sq ft per dollar wise and takes more on repair and maintenance if anything happens.
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3 June 2018 | 3 replies
I am pretty well connected with repair guys, etc so honestly I would only be bringing someone on to split the burden...financially and otherwise.
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5 June 2018 | 9 replies
But what other techniques are you utilizing to ensure that you can weather a vacancy storm in your market, especially if you don't have a large portfolio to carry a few vacancies?