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19 April 2016 | 5 replies
Even though my standard MG leases have a CAM provision that include base year taxes/insurance and tenants pay increases as well as maintenance, landscaping, etc., I actually strike this out!
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20 April 2016 | 8 replies
That will layout the whole landscape for you so you can decide what interests you and where you want to get started digging deeper.Then start listening the the BiggerPockets podcast with @Joshua Dorkin and @Brandon Turner.
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22 April 2016 | 21 replies
Asking price is $350,000Owner Pays: Sewer, Water, TrashTenant Pays: Cable TV, Landscaping, ElectricIncome & Expenses Gross Annual Sch Inc: $51900Income & Expenses Adjusted Gross Inc: 49305.00Income & Expenses Operating Exp: $18973Income & Expenses Net Operating Income: $32325Number of Units: 7The five 2 Bedroom Units Average Rent: $560.00The two 3 Bedrooms Units Average Rent: $650.00All units are rented and all tenets are on long term leases.Total Monthly Rental Income: $4325.00Vacancy Allowance: 0.05%Annual Water/Sewer Expenses: $4000Annual Trash Expenses: $1500Annual Management Expenses: $4700Annual Maintenance Expenses: $3000Annual Landscape Expenses: $1440Annual Insurance Expenses: $2340As near as I can figure (I've gone through a number of pod casts and materials, but there's a lot to learn), it sounds like as a buy and hold investment this property would earn $32k per year.
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21 April 2016 | 6 replies
It's just more up to date as far as finishes, landscaping, etc.Thanks
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23 April 2016 | 7 replies
Then, divide that amount by months and by units to get a monthly amount to set aside in a separate account at your bank so you don't spend it.Do this same calculation for things like paint/siding, landscaping, parking lots, walkways, AC units, water heaters, boilers, chillers, signage, etc.
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1 May 2016 | 5 replies
I am still in the intense start-up/expansion phase with my business and this year plan to build-up my teams in TN and TX and purchase 5-10 additional properties.
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2 June 2016 | 3 replies
There are new homes going up all around, major highway road expansion just on the horizon, in addition to the Walsh Ranch being built just down the road.
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31 May 2016 | 4 replies
Can you paint, do landscaping, teach exercise classes, or painting?
2 May 2016 | 4 replies
Yes, dues and assessment can eat up your cash flow, but you also (again, in a good association) are getting something in exchange for the dues dollars such as management, insurance, Cap ex, all exterior maintenance and repair, landscape/snow, common area care, etc...