Steve Landers
looking for advice on software
5 April 2018 | 4 replies
If you do a lease to own or finance the existing home for a tenant, how do you keep the lot rent and mortgage separate in the software?
Joe Senchuk
Lease expires, tenant signalling they will refuse to vacate
19 April 2018 | 33 replies
The temp agency refused to be named on the lease.
William Davis
Potential Billion Dollar Deal
11 April 2018 | 73 replies
You could reward good tenants to long term 9-2 year leases and decrease their overall monthly rent by signing longer contracts.
Trevor Dominique
Info you are able to request while analyzing a property
5 April 2018 | 3 replies
Both units are currently rented with one unit on a two year lease with the other on a month-to-month rental agreement.
David C.
Renting Out Residential Garage Do I Need Liability Insurance?
4 April 2018 | 2 replies
Already have a lease printed out that, should the renter sign, has a clause in there that says we're not liable for anything missing from the site.
Max Householder
Our First Investment Property: Year 1
9 October 2018 | 6 replies
I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.
Ben Davis
Alternate Way to Househack?
4 April 2018 | 0 replies
Our predicament is, our lease on the apartment we are living in currently is up in August.
David Rutledge
Conventional loan with seller financed properties
5 April 2018 | 5 replies
I have lease agreements for all the properties and they are all cash flow positive but I am worried that a lender would not look favorably on the complex situation with my seller financed homes as they are not outright mine on the deed etc....
Diane Linette
HELP! Experience w/gutting/rebuilding rentals-is this worth it??
4 April 2018 | 0 replies
These properties are out of state, so I planned on having a Property Mgmt Company manage and handle the full package - manage the rebuild/contractors, market/lease/evict/etc - and I just collect a check.
Nicholas Denning
Single Family Rental in Kansas City
5 April 2018 | 6 replies
Current tenant is under lease until July and pays $750 p/m.