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30 August 2024 | 11 replies
In case anyone wonders what ever happened with this as I do appreciate the time you all took to provide your experiences.
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29 August 2024 | 2 replies
Based on the details from the clerk of courts, it appeared that the investor was attempting to hide assets and refusing to turn over documents, one of which was copies of all renovation agreements.
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20 August 2024 | 4 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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28 August 2024 | 9 replies
Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.
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29 August 2024 | 2 replies
Great breakdown @Julio Gonzalez , really helpful to understand Cost Segregation.I want to add one reminder for all of us, Land is never depreciated, so the basis value ($641,100) of the property above NOT includes land value.
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28 August 2024 | 6 replies
I have a list of them, but they all suck.
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29 August 2024 | 4 replies
I feel like there's no way the renter could be expected to stay in the house while this is being repaired, but I don't know how this all gets remedied.
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28 August 2024 | 8 replies
That made all the stress and anxiety worth it... the difficult tenants/roommates, constant noise, roommate drama, and lack of peace and privacy.This approach reflects the balance between comfort and profitability that Craig Curelop discusses in his book, The House Hacking Strategy.
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28 August 2024 | 2 replies
Hi there - did anyone hear about this new law and requirement for all balconies to be inspected by January 2025.