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29 August 2018 | 51 replies
So I simply said "Here are the names and phone numbers of two local plumbers who have outstanding reviews from customers.
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10 September 2018 | 11 replies
Jonathan, I struggle with the same issue of not having enough space for parking - partly due to residents using more spaces than assigned to them and partly due to them not utilizing the space that is available (parking crooked).
21 August 2018 | 2 replies
Seems long to me, but each area has it's own customs.
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22 August 2018 | 16 replies
) - Gross Monthly Operating Income 32,642.00 Monthly Operating Expenses Monthly Property Management Fees 832.00 Repairs and Maintenance 1,000.00 Real Estate Taxes 5,241.00 Rental Property Insurance 1,959.00 Homeowners/Property Association Fees Replacement Reserve 2,000.00 Utilities 1,291.00 - Water and Sewer - Gas and Electricity - Garbage - Cable, Phone, Internet Pest Control 155.00 Accounting and Legal 150.00 Advertising Monthly Operating Expenses 12,628.00 Net Operating Income (NOI) Total Annual Operating Income 391,704.00 Total Annual Operating Expense 151,536.00 Annual Net Operating Income 240,168.00 Capitalization Rate and Valuation Desired Capitalization Rate 10.00% Property Valuation (Offer Price) 2,401,680.00 Actual Purchase Price 3,100,000.00 Actual Capitalization Rate 7.75% Loan Information Down Payment 620,000.00 Loan Amount 2,320,000.00 Acquisition Costs and Loan Fees 60,000.00 Length of Mortgage (years) 30 Annual Interest Rate 4.970% Initial Investment 680,000.00 Monthly Mortgage Payment (PI) 12,411.76 Annual Interest 114,527.10 Annual Principal 34,414.02 Total Annual Debt Service 148,941.12 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 7,602.24 Total Annual Cash Flow (before taxes) 91,226.88 Cash on Cash Return (ROI) 13.42% The property is being given to me after completing 40 year certification (updated plumbing, electrical, parking, most units are decently remodeled.
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30 August 2018 | 8 replies
Are there commonly utilized Lawyers & Accountants that specialize in these things used by the BP community?
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25 August 2018 | 5 replies
We send our customers in need of contract review to Gennady (Tom) Shnaider.
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30 October 2018 | 59 replies
And that assumes you're cleaning up the landscape - er, concrete - and all utilities are billed back to tenants, there's no pest control, and no trash expense.
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24 August 2018 | 3 replies
All utilities would be paid for by each unit's tenants.