It was just a verbal conversation on how we would 1/3 rd the utilities and if anyone had any issues we would all sit down and discuss.

We took some extra time and money to add high end finishes to the home, and make it a little more luxurious than our original plans.

We took some extra time and money to add high end finishes to the home, and make it a little more luxurious than our original plans.

I recently bought a small portfolio of properties and fixed one of the places up but didn't put all new flooring in - I put new luxury vinyl flooring in the bathroom and kitchen because the previous flooring was damaged. 

I also like luxury townhomes as they have a pretty high cap rate.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

All tenant paid utilities must be transferred into Prospective Tenant’s name except for furnished units, and a lease must be executed and signed by all parties.How have others handled this? 

The inspector told me we could re-schedule because he needs the utilities on to do an inspection, but that it was probably not worth my time.

Sufficient documents include:A recent utility billA mortgage statementAn insurance policyOnce reviewed and approved, we will then lift the hold and restore full access to your Avail account.We strive to ensure that all of our customers love using Avail.

The property will likely not be more valuable that it is now.Intended purpose of the investment is for cashflow and long term hold.The basics of the listed property are:Listed at peak value ($110,000)3 Units: 2 bed 1 bath occupied and renting at $8001 bed 1 bath occupied and renting at $6501 bed 1 bath occupied and renting at $650Total rent income: $2100Conventional financing at 20% down. 15yr/30 baloon.Owner expenses (insurance/utility/taxes/Etc.): $7600k/annuallyAfter putting away for vacancy/cap exp/management exp/repair/maint.