And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Regular inspections should be part of your normal operating procedure to catch things before they get this bad.Some things to look for when a tenant's electricity turned off.... top of the list are the fire hazards: burning candles for light, using outdoor grills inside for cooking, burning wood for heat, getting electricity from neighbors via extension cords.  

I've had situations turn into eviction scenarios because the tenant tells me they're moving out, then they don't, then they owe two month's back rent and will never catch up.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Also, I keep catching myself making mistakes....calling it "my" house, saying I bought it and rehabbed it etc. 

Then the inspector needs to come out but has to catch them all there for  a violation which is tough as many work.Used to have a person renting out his house and slamming people in there to live.

One of the old tenants moved out so my current rent roll looks like this$345 x 2 + $300 + $450 x 5 = $3285 gross monthly  NOI with 80% occupied is $2000 (keep in mind no property manager fee, low maintenance as most of the units are renovated)Here's the catch: On 100% occupancy I am going to use a very conservative NOI even using a 8% management fee at $24000 and Cap Rate at 10%Value of the property = $240,000 and how much did we buy the property for?