Andrew Michaud
38 Unit Purchase. $110k cash flow. Good deal?
I am looking into purchasing a 38 unit from a company. Price is approximately $35,000/door for a total purchase price of $1,330,000. All buildings are in excellent shape, but are in need of roof replacements. Property...
Nathan Waters
How much do you increase the rent each year?
I'm sure this varies based on local market conditions, but how much are you typically increasing the rent by? I only do 12 month leases so its convenient to up the rent with each lease renewal. But what percentage doe...
Julie Groth
Prop Manager fee
I know that it is common to have PM charge a % of rents. However, I don't quite get that logic. If I have a duplex with $3500 per month rent in high end 'hood and one at $2000 per month someplace else...well, what's t...
John Thomas
Advice Wanted - Hold, Sell Now, or Sell Later
What Would You Do?I have a rental that breaks even monthly, but the loan is adjusting in 6 months which will make me go negative by $300 to $400. I bought it as a primary residence years ago and transitioned it into ...
Melanie Carter
First duplex - Too good to be true?
Just bought my first investment property and am eager to move onto the next. Before I do, I'm seeking some retroactive advice on the first deal to see what I might have missed or left out of my analysis: Bought dupl...
Mark J.
For Sale By Owner (FSBO) - Step-by-Step Guidance Needed
Hi-- Well, after a seven-month slog through my first duplex renovation, I'll be putting it up for sale (in the Tampa, FL area). It's turned out beautiful. Fortunately, the market is strong here for duplexes and so, gi...
Casey McConkey
Billing owners for maintenance hours
I'm curious how you bill your property owners for maintenance hours? Do you charge a higher flat rate property management fee and include some of your maintenance hours or do you bill each property owner only for the...
Nicholas Commerford
Sub-metering/ Seperating Unitilies
Hello all, I've got my eye on a foursquare house property in 77007 (Houston, Tx). My idea for the property is to House hack the property into an upstairs/downstairs duplex (2/2 units). My main concern and area of igno...
John Kim
Cant get insured (NJ)
Having a lot of trouble getting insurance for my new rental property. I got one quote but it is 2x more than I was expecting.House is too old (1910)House is too close to the neighborsetc.Any ideas?
Josh Carpenter
Extra Guest Fee: Good idea, bad idea?
What do people think of Airbnb's "Extra Guest Fee"? Good idea, bad idea? I've recently had to switch cleaners and that is costing me an additional $50/stay. I could pass this along directly in the cleaning charge, but...