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Hello,My HOA recently increased their fee due to the inclusion of internet service. How do I incorporate the new fee (approx 70 dollars for the internet) into my calculations? Can I increase the rent or do I need to e...
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Three-family property located in The Heights section of Jersey City, NJ. The first floor has two bedrooms, one bathroom and includes the rear yard. Second and third floors have three bedrooms, one bathroom and each ha...
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Looking to purchase my first multi family, was wondering what is the best way to transfer or other ways to make tenants pay for water and sewage?
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Is it typical to have to pre-paid a full year of insurance on a portfolio loan? I was told my closing cost would be 5% but after receiving the itemized list of everything included it’s more like 15%.
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Hello,I would like to connect with someone, that I can meet with face to face from time to time to help me get my feet wet and analyze deals so I can become an expert at it. I am ready to start pulling the trigger and...
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I'm in the process of buying a home with a detached garage and studio in the back. I plan to live in the main home and rent out the studio. The electric and gas meters are shared, and I would like to sub-meter the pro...
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What do you include in your new tenant welcome letter / package?
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Let me clarify: my mortgage broker/lender is also an investor in the MFH niche and is doing well for himself. We were talking about the expenses to owning a rental property and he said not to worry about calculating p...
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Those of you that live in counties where the owner of the home is responsible for the water/sewer bill how do you handle this as far as with your tenants? Do you estimate an amount and include that into the rent amoun...
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Hi! When looking at a deal for a househack in 2-4 unit multiplex, do you exclude your unit's rent in the calculation? For example, a quadplex that could rent for $2000/unit would be $8000. But in a househack situation...