Pedro Oliva
How to evict this tenant? (1st eviction) Strange situation in Indiana
4 August 2015 | 5 replies
Even after the eviction process is complete, you or whomever you hire to complete the eviction for you may need to utilize the services of a constable.
Lukas Katko
Student Housing Property, rented until May 2016
3 August 2015 | 5 replies
I have a very successful and profitable business in student rentals and will provide the buyer with the information and guidance to make this property an ongoing financial success, including advice after the closing if wanted.Estimated Financial InformationPrice$164,000 Monthly Rent2,520 Annual Rent30,240 Utilities (water)($480)Current Taxes($2,640)Repair / Maint (7.5% rent)($2,268)Insurance($1,000)Annual Operating Income23,852 Closing Costs5,000 Mortgage (80%LTV)131,200 Total Cash Invested37,800 Monthly Mortgage Pmt @ 4.5%, 30yr($665)Annual Mortgage Pmt($7,977)Estim Net annual cash flow15,875 Cash on Cash Return42.0%Gross Rent Multiplier5.4Cap Rate (NOI / Price)14.5% So here is my question:Is is reasonable to rent student housing for 12 months a year?
Joe Rinella
Help with analysis on first deal
4 August 2015 | 17 replies
When they leave we will raise rents to total $3,900 or $4,000Monthly Insurance: $194Management fees: 10%Utility costs I will have to pay per month: $391Using the bigger pockets calculator, I'm not exactly sure what to include there for vacancy rate, repairs/maintenance, and cap ex.
Sarah 'Sadika' J.
All inclusive Rent?
3 August 2015 | 2 replies
I was thinking of making rent all inclusive with rent, utilities, cable, internet, cleaning services and household common area shopping( toilet paper, soap etc).
Teri Khimani
Real Estate Express School
6 June 2016 | 8 replies
I think a lot has to do also with how you both like to learn, I spent a lot of time growing up traveling for sports so I got used to working online at a young age and I did not miss the classroom interaction and anytime I did have an issue I just emailed them and someone would get back to me pretty quickly.
Mahsa Nicknam
Issues about filling loss in tax
4 August 2015 | 4 replies
So in your example, I'm going to make the following assumptions:10,000 income (was vacant for 2 months - actual rent is $1000 per month6,000 mortgage payment2,000 HOA1,000 utilities during vacancy period6,000 depreciationOn your tax return, you don't actually get to deduct the principal portion of the mortgage payment, so your loss will be something less than 5,000.
Joseph Colon
Don't give up!!
4 August 2015 | 5 replies
Or I can send you to a YouTube videos were i learned hiw to access and utilize probate.
Davon Lowery
I AIN'T PAY'N!! Ahhh the joys of landlording
7 August 2015 | 80 replies
All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges or fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."
Nate Hall
Does anyone understand pricing behind waste removal?
4 August 2015 | 6 replies
Most utility bills are pretty straight forward whether they're high or not, but the waste removal bills are a different animal.
Jeff L.
What's your criteria for Cash Flow or cash-on-cash ROI?
19 February 2019 | 13 replies
I had a question regarding Annual Operating expenses (Operating expenses include: Taxes (property taxes), Insurance, Management, Maintenance, Utilities, and Repair.)