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Results (10,000+)
Justin Goodin Full Breakdown: Operating Expenses
3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance. 
Brandon Stiles Building line of credit for LLC?
4 March 2024 | 10 replies
If you are really doing that well and only intend to do 2 flips at a time, its kinda a catch-22 situation
Joel Scarboro Nonpro Cost Seg?
4 March 2024 | 13 replies
So sorry I forgot to ask what a professional CSS would cost to take myself out of the loop of doing it because to me it would feel like a conflict of interest situation making it less valid?
Les Z. looking to buy rental property in any state - 100k down, traditional financing
5 March 2024 | 28 replies
People are going to give you a lot of specifics on population growth, numbers, etc, but in my opinion the real answer with investing out of state is where can I invest in a place that helps me achieve my financial goals without increasingly my headaches dramatically. 
Sebastian Bennett LP Equity Investment
3 March 2024 | 8 replies
Important to note, I am provided full access to all of the meetings and pre-development functions to grow my knowledge base while I am getting my personal financials in better shape to purchase properties I view as better long term investments. 
Erika Caba When is time to give up on a multi unit property?
4 March 2024 | 11 replies
@Erika Caba I think if at the end of the year when you can evaluate the situation as a whole with everything taken into consideration and are looking at your tax returns if your goals have been accomplished with this building, whether it’s positive cash flow, off setting W-2 income, whatever, then I’d say it’s too early to throw in the towel.
Micah Cook The "good problem" of not knowing what to do with portfolio equity
3 March 2024 | 1 reply
It seems the return is great on SFHs but inefficient in terms of scalingI don't envision myself one day owning hundreds of SFH but I'm interested to hear what you'd do in this situation: Continue to purchase good SFHs and hold?
Alejandro Ferrer Landlord pays gas and Tenant abuses
4 March 2024 | 17 replies
In these situations it's important to bake the cost of the heat into the rent.
Gurjot Grewal Got a quote for maintenance work, am I being overcharged?
3 March 2024 | 10 replies
So if you are looking for a long term relationship, it's best to workout a win-win situation.
Alecia Loveless To ADU or not to ADU
3 March 2024 | 3 replies
I would also consider taxes into your situation