If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Below is a table comparing state averages.If I compare a $400,000 property generating $2,000/Mo cash flow (ignoring all other costs like debt service), it works out as follows.So, for a property in Arizona to generate the same cash flow as one in Nevada, it must generate $1,280 more cash flow to compensate for the higher operating costs.The main factor that led me to choose Las Vegas over Phoenix was the issue of urban sprawl.

Hey all, I am looking for a lawyer who knows local Colorado real estate law to help edit and add in lease language to a Rent-by-the-room lease.A few changes to the template lease (used by another BP rent-by-room investor) would include:- utilities included in the monthly rent, rather than rent + utilities- adding in early termination All in all, I'd like to make sure I am covering all I need to, and that I understand the lease I'm entering into.Of course, I will compensate for time/services.

For this, you should have a discussion with the partner and sit down with a lawyer to draft up a new partnership that clearly lays out what each party is responsible for as well as what compensation each party receives. 

They deserve to be compensated.2.

But the market is telling you the place is too small.So you cannot command market rents unless you're able to compensate for the size of the unit.

My “fee” for the consulting work I did for them was that I received 3 points on the loan, so I was very well compensated.

To do that you just want to demonstrate compensating factors which will alleviate the risk.Keep in mind if you are looking to take cash out your LTV is capped on a 7 unit depending on which investor you use.

This property seems to be cheap but a low priced property will not compensate you for insoluble management headaches if you are so far away. if you want to buy a building, buy one you can drive to within half an hour.

Will the MLO get the full compensation for themself by doing so, and is it illegal?