Jacob Decter
***Operating / Expense Ratios for Duplex / Triplex***
I'm conducting an analysis of a few Duplex and Triplex units in my area but have not seen enough deals to get a sense for average operating expense ratios for these types of properties. Assuming a management company, ...
Taylor Lewick
Questions from a Newbie, taking over property with existing renters
Hi all, first post. I'm currently looking at acquiring a property that has a single family home, and a detached bungalow. The units are occupied, and rent for $750 and $500 each. (market level for my area)My questi...
Taylor Vaughn
Expenses Per Unit
Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...
Arron Paulino
Sold Property But Still Notified
I recently sold a property, but I still receive notices for paying property taxes and utilities. How should I go about addressing this? It should be the new owner's responsibility now, but it doesn't seem like these h...
Scarlett Tao
Property management company failed to collect utilities
My property management company failed to bill several thousand utilities to the tenants. And the tenants already moved out. Could I hold the management company responsible for this? Need some legal advice. Thank you!
Adam Hyder
My tenant never transferred utilities into her name,
My tenant never transferred utilities into her name, it’s been 10 months... and now she is 2 months behind on rent....I want to evict the problem tenant...it’s a SFR.. she has dogs inside, not allowed, late Constantl...
Dylan F.
DSCR Loan Products for STR's
Hey all - wanted to see if anyone out there has used a DSCR loan for an STR. I have a few STR's all under conventional loans in my personal name (title is in LLC though), which is effecting my DTI/shows up on my credi...
Adriano Caraco
Multifamily costs estimate
Hi.
I am looking for Small Multifamily In STL.
Need some help help with what should I use as estimate for utilities.
What is usually paid by the owner and what is usually paid by the tenant? And what is the average...
Gavin Wynn
Utilities billing for duplex
I live on one side of a duplex while I get the second side ready to rent out. I have one water meter, one gas meter, and two separate breaker boxes. I plan to make the tenant pay for electricity since the bills are al...
Eric Fernando
Bank owned REO property
I am going to put an offer on a bank owned REO, but the issue is that all the utilities, i.e. heat, water and electricity have been shut off. There was a pipe leak in the house and plumbing issues. How am I to do a ho...