23 March 2019 | 0 replies
I believe with a hospital partnership that I can offer this house to their employees for 5k a month and basically play hotel or property manager and get the entire house fully furnished and they would hopefully agree to a down payment first of 30k to me and a year to year contract.
23 April 2018 | 14 replies
I will re-enter the workforce in 3 months when we are done with her assignment, bringing our w2 income to the 80K-100K level.We own an "accidental rental", free and clear, out of state, that grosses about 11000/yr less PM (1000/yr) and HOA (4600/yr)..it's a condo so that is why the HOA is so hight.
26 April 2018 | 13 replies
Turn your back and it could easily go to h*ll.You must manage your properties or manage your employees.
28 August 2017 | 26 replies
I still love helping people, but I'm more into WORKING AS MY OWN BOSS, Having my own employees that I can TRAIN and TREAT WELL.
1 May 2018 | 1 reply
He is charging 6 % of gross rent for managing the property.Upon reviewing the current P & L statement, I saw a fee call "residual fee", I have never heard that term before.
19 February 2018 | 26 replies
Your dog walking employees could be your RE employees "walking" for dollars and canvassing.
27 August 2017 | 23 replies
Below i have laid out the ones i can think of and how i am planning on mitigating them.Up-Keep Only use vetted turnkey companies that do solid rehabsSave 5% gross rents for maintenanceSave for capex even tho so many companies tell you it’s not necessary (WHY?!
18 July 2017 | 7 replies
There some different costs with the hotel including employees and then seasonal business although I'm not sure if that applies to extended stay in your market.
21 June 2017 | 9 replies
They are too high because my husband grosses more so they feel i should pay more even though a large portion goes to alimony and child support.
11 May 2018 | 8 replies
you need 30k gross to have 15k net(including management) and still kinda crappy investment wise unless you are SURE it will appreciate. 350k x 4.4% = 15k.No apartment buildings available?