David B.
Dumb mistake - Dealing with utilities
Hi All, looking for a little advice.I started renting my house a little over a year ago. Everything went fine and they moved out when their lease was up, (well 15 days early but... they had paid for the month, eventu...
Gulliver R.
Sub metering and passing through utility bills
When a MHP is all sub metered for water and sewer (city) will the w/s bills go directly to the tenant or will it go to the park owner and he'll/she'll have to pass that bill through to the tenant?
Bill Goodland
Is your net worth negative?!
So as I am gaining personal finance and real estate knowledge I have certainly developed a strong appreciation for tracking your net worth and cash flow and the importance of both. I know a lot of peoples goals are to...
Dan Maegli
Cash out refinance a property & more than double cashflow no money out of pocket!!
Hello everyone!!
My name is Dan Ko, this is a post I shared last year and wanted to bring it back for anyone who missed it with a couple updated photos of the fourplex we purchased!!
"Cashflow isn't usually going to...
Tim Romanowski
CAM Reconciliation
I took over a commercial property lease via a lease assumption in October of 2015. Now I have received a huge CAM Reconciliation bill for the entire year of 2015. Am I responsible for paying CAM Reconciliation for the...
Matt Fitzgerald
Auto shutoff toilet valves - has anyone used one?
One of my biggest peeves is a steep water bill. I hate when toilets run or in one case overflowed and tenants don't tell me about it. Has anyone ever used an auto shut off valve when a leak is detected? Specifically...
Steven Andrews
Raising rents or tenants paying utilities. Which is harder?
Looking at a couple of different possible multifamily properties to buy and two of the properties I'm interested in have me wondering which is best. Property A has tenants paying utilities but the rents are well under...
Jordan Laney
PM changed the utilities too early and now we're stuck holding the bag
Hello, Happy New Year Who do you think is at fault? Story time. So we had a non-paying tenant whose lease wasn't renewed and refused to leave. We started the eviction process. The PM change the electric utility to the...
Christian Reyes
What is considered tax deductible?
I am looking at a property to buy and hold where the taxes are quite high. Over $9000 a year in NY. As such, everytime I run my numbers, I get negatives in cash flow due to the inability to get around the tax expense....
Matthew Reid
Tenant didn't transfer utilities in to their name.
I did not do the best job selecting a tenant and am paying for it now. I have a tenant that has failed to transfer utilities into their name per the lease when they moved in. I have forwarded all the Bills and remin...