Oversight, annual reporting, continuing education, etc.

I am looking in Massachusetts so we have a lot of older properties, some of which are redone and look very nice and rentable but I worry about dealing with maintenance issues that come with older properties.

The expenses listed at 30% are unrealistically low....it’s missing some stuff....vacancy, turn over costs, ordinary maintenance, capes, manage,ent, etc.

This is a high maintenance, nightmare type tenant.

For example an 8 Plex.. 1000 sqft per 2bed unit that rents for $1000 each.. your annual gross will be $96,000.. using conservative 40% on expenses your NOI is $57600 you 8 cap and it's worth $720,000.

Also, for C- areas you should be getting 1.5%+. 1% does not build in enough reward for the risk and hassles you'll encounter with tenants and property maintenance (they're mainly all older homes with varying degrees of deferred maintenance).

I'm looking to add a property maintenance division to my business in the future and am seeking any advice from other fellow property management/maintenance companies.

With low owner occupier financing the cash on cash returns can almost be infinite, so you will also want to include gross rent multiple analysis as well--how many multiples of the purchase price are in-place or estimated annual gross rents?

Miami Dade County, FLORIDA — When buying an REO, who is responsible for the unpaid maintenance fees prior to me closing?

So then I get a call from an electrical contractor stating that the unit next door is having some issues with their power and they have located that the problem is under my deck, and they will need to remove boards, dig it up, and do a repair.However, a couple of small twists in the story make me nervous.One is that apparently the homeowners are responsible for the maintenance of the power line from from the transformer, so it’s not the association with deeper pockets who is on the hook, its the nieghbor .