Brandon Stroschein
Property Manager needed while on vacation for ~2 weeks
30 April 2018 | 5 replies
It's very difficult to find an actual manager or hire a private party as there are liability and insurance issues.
Tom Smith
Best way to figure out expenses to ask a property manager?
2 May 2020 | 2 replies
Utilities are generally public and you can call them to get averages, taxes are public as well and can be pulled either from a assessor website or at their office, insurance companies can give you cash value and replacement value quotes by giving them an address, general rule for running calculations for vacancy is 5-10% of gross income, I have seen maintenance expenses all over the map (anywhere from $300-750 or a % of the rent - those vary depending on the number of doors in the deal as well as how much deferred maintenance has to be dealt with or how much rehab you are going to do to negate the deferred maintenance), contracted services, call a few landscapers and get quotes and use those for your analysis.
John Woodrich
State Tax Deed and prior liens
25 May 2018 | 11 replies
I believe (but do not know for sure) that no title company will insure a tax deed in any state without a quite title action.
Reuben Royal
Finding Properties Before Preforeclosure - Substitue Trustee?
29 April 2018 | 6 replies
Most cant call title company and get a date down on the phone We could and did. and most wont take the risk which we did.. there is a lot of risk buying sub too with no title insurance or paying off a loan with no title insurance.. but that's were the big money is made in this field.I would walk into the homes we bought and many times the people leave the 200 plus direct mail pieces they received right there in a neat pile on the counter..
Joe Johnson
Rent or Sell within 2/5's rule
24 May 2018 | 26 replies
So $800 rent and price no more than 40k per door to get the 2% rule.So in general, you do get the 2% rule with a $750 rent wherever you can get a unit in tenantable condition for 37k.I would add that besides market value of the land, average cost of construction of new house is $150 per sqf and insurance puts replacement value at $70 per sqf.
Erik Pfundstein
5 unit valuation question
29 April 2018 | 5 replies
They are very mom/pop style and couldnt really give any specifics on other expenses besides electric 30, taxes 270, water 250, so i estimated vacancy, repairs, cap ex, management, insurance, etc.
Rudy Curtler
Benefits of Mobile Home Park Investing
5 May 2018 | 12 replies
Lower taxes and insurance per unit.
Josh Day
House Hacking FHA and DTI Ratio
29 April 2018 | 1 reply
But Fannie and Freddie's first time buyer programs have a much better deal on mortgage insurance.
Kenley Law
Termite fumigators broke my skylight. Should they be fixing it?
30 April 2018 | 3 replies
Contact your insurance company.
Daniel Wolz
Landlord insurance advice
30 April 2018 | 3 replies
Looking for advice on landlord insurance - actual cash value vs replacement cost.