Daniel Dietz
Should Cap-EX or Major Repairs be Factored into NOI?
Hello All, This is my first post in this forum. My two partners and I have 29 units varying from SFHs to 4-Plexes right now, so have not really looked at NOI on those. A 16 Unit came up in our smallish but vibrant Mid...
Jeremy Bartlett
Mixing Airbnb/Long term rentals in the same building?
I need a quick sounding board... a 5Plex just came across my desk and it seems to have potential, but there are a couple variables in there I haven't dealt with before that could make or break the deal...Specs:Purchas...
Garmeon Y.
50% rule flaw - missing out on deals
How much further would you look into a deal before passing? What if a prospective deal is slightly negative cash flow using the 50% rule, but might actually be positive using actual numbers? What's the risk of passing...
Suade Anderson
Property Manager Tax Deductions
Hi Everyone,I apologize if this is a dumb question, but please enlighten me if you'd be so kind. Why wouldn't I hire a Property Manager if that is a Tax Deductible expense? Why would I do the work myself if the cost o...
James Denon
Property Manager Screening
Does anyone know a good property manager in Springfield MA?I am buying a 3 family home built in early 1900s. It is fully occupied with good cash flow. I am looking for a property manager who provides good service to t...
Doug R.
Tips for growing property management company??
Looking for some tips on inexpensive marketing to grow and generate leads from landlords interested on property management. Any input would be appreciated...
Thierry Van Roy
Critique my APOD
So I'm building a pro-forma APOD on an 18-unit apartment building.
How does this look? Other Income includes a service charge of 50/unit as well as pet fees and late fees for part of the units, but I'm really...
Micah Epps
How are elements of BRR taxed?
Let's say my wife an I are general managers of an LLC who buys a single family home. The contract price is 100,000. We put 20,000$ of materials and labor into it. We then rent it out for 12 months and cash flow 10,...
Joseph Pichardo
First rental property with a 3% conventional loan
Good evening all. I’m wondering if this makes sense and if I’m looking at this the right way.The property is a 3 family house priced at $210000I will be putting 4% down. With PMI and insurance the mortgage will be $15...
Jon S.
Opinions: Pros & Cons of Self Manage vs Property Mgmt Co
Over the past 4 years I have accumulated 7 rental units and have been mostly self managing them. There have been a few headaches recently, and I am considering outsourcing the management to a property management comp...