Joe L.
Real Estate Brokerage Firms that are not part of Nexus / REALTOR
Hello everyone,I recently passed my NJ licensed exam and I am looking for a brokerage firm to join. How can I find a NJ brokerage firm that does not require me to join NEXUS / REALTOR?I am basically trying to minimize...
Daniel Okorie
Non existent HOA? What do you do?
How do you get an HOA to their job in maintaining the exterior of a condo complex in houston Texas? Can you sue them?
Michael Hopkins
Rental Portfolio Purchase / Should Expenses Be Equal Across All?
I'm looking to acquire 10+ SFR rentals. Let's assume I've accounted for all the following expenses before profit:
MortgageInsurance
Vacancy (5%)
Repairs (5%)
CapEx (10%)City Services (utilities, etc.)Let's assu...
Jeff Caravalho
handicapped accessibility for long term elderly couple
Hi all,Looking at an elderly couple for tenants but she has a bankruptcy Ch. 7 from a fused spine injury that ended her carrier. Both FICO's look good, low debt, steady retirement income 4x the rent, previous referen...
Akhilesh Rao
Handicap Ramp in a rental duplex
I have a section 8 tenant who has requested a handicap ramp and other adjustment which is going to cost approximately $10,000 according to the property management. The tenant is currently on a month to month and has r...
Aaron Francis
Tenant who is relocating without a job but lots of savings
I have an application from someone who is relocating from out of state. He doesn't currently have a job (a couple jobs pending), but he has 3-6 months living expenses in savings. Anyone ever rent to tenants in similar...
Silvia B.
New deck boards and railings: Depreciation or Repair?
This Summer we personally replaced the deck boards and railings on one of the decks. The structure ( posts, joists, etc) were ok but the old deck boards were bad and it was time to replace them. It cost us about $1500...
Stephen McDonald
Quick question about expenses in analyzing
The 50% rule covers expenses that are related to the property, not HOA, Property Management, or Debt expenses. Do those unrelated expenses get factored into the NOI?
Steve R.
would you invest with cap rate 8.22?
4 plex list price $400kfourplex : monthly total rent 900*4 = 3600(appreciation stay the same for past 5 year)• Capitalization Rate: 8.22• Gross Annual Expenses: $10,700• Gross Annual Income: $43,500• Insurance Expense...
Jeff Trevarthen
Typical reserve requirements?
I'm just getting into property management as my mortgage business has started to slow down over the last couple of months.
For those of you in property management (or even landlording), how much cash reserves...