Hi All, for those landlords who pay for the utilities of their units, do you put in explicit "no nos" into the lease itself.

@Aaron McGinnisCurrent month activity looks like:MonthPropertyAccountAmountJulyWestportRent-1000JulyWestportCash1000JulyWestportWater400JulyWestportCash-400JulyOverheadCash-100JulyOverheadMeals100Now just add a pivot and you can see your net cash, net utilities, etc. 

Do NOT change locks, utilities or anything of that nature or you are opening yourself up to lawsuits.

Most typically the managers are charging fees for the management, but they may also share in the investment themselves be it debt (loan)or equity.  

The $510 decamps to $208 for the HELOC payment, $75 for lawn care/snow removal per month, and $227 monthly in owner paid utilities -quoted by the utility company- I plan to manage the property, but budgeted for management expense anyway- Furnace and roof were recently replaced- Loan terms are 3.75 with 3.125 points (included in the $7k closing costs above per the bank) - 30 year mortgage- My goal is to buy and hold with an eye on retirement, but of course I'd like to cash flow now. 

We plan to utilize 401k "loans" as well to assist in carrying out the BRRR strategy as well.

New home though the big builders typically offer 10 year warranties on the structure, etc.

Hi @Rob R. which service are you currently using as SmartMove typically returns the reports pretty quickly?  

I've been told the level of service quoted is for full setup of a business structure, new plan documents, and IRS determination letter, in order to utilize checkbook control. 

The typical model for wholesales in Dallas is 70% of the ARV.