Jacob G.
Trees in Florida new rule
17 July 2019 | 4 replies
As long as you have a letter from a ISA certified arborist that states the tree is unsafe, you can remove the tree without a permit.
Lee Stephens
What Expenses (IF ANY) Do You Cover on SFH's?
26 June 2019 | 28 replies
@Lee Stephens make sure to account for the following expenses in your calculations:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...
Mike Redick
Property Manager Recommendations in Buffalo, NY Area
24 June 2019 | 3 replies
* Are you a Certified Property Manager?
Eric B.
Looking to invest Out of State... but where?
24 June 2019 | 1 reply
Due to the nature of my job (I move around a lot), I HAVE to invest out of state.
Jeremy Hoover
Buying a home that's under land contract for what's owed on it
25 June 2019 | 3 replies
The top of the contract does have a statement signed by the Treasurer's Office similar to warranty deeds I've seen certifying they have examined all records and there are no liens, titles held by the state or other individuals, and that the taxes have been paid for the previous 5 years.
Jason Foy
How do you investors prefer your wholesale deals
25 June 2019 | 5 replies
Welcome, Little bit about me, I have been inspecting properties for 3 years, I am BPI Energy Auditor certified, Internachi Building inspector certified, Leased residential homes for 2 years with Renters Warehouse, held a real estate license for 3 years, did 3 years of residential HVAC work, hold a residential HVAC diploma and EPA certifications.
Adam Atchison-Lynde
New property owner mistake.
26 June 2019 | 5 replies
Send him a certified letter with the bill for cleaning and the step repair to your pt address.
Michael Baradell
[Calc Review] Help me analyze this deal
26 June 2019 | 6 replies
Its the nature of the game.
Esme Borrego
Complex - known drug house - HOA not able to do anything?
29 June 2019 | 2 replies
You and your neighbors need to attend every meeting, send certified letters, etc. to demand that they perform.
Rona Kinney
Concerns for criminal activity by tenant
28 June 2019 | 3 replies
Naturally the other tenants are very concerned about safety as am I.