Hi everyone, quick question, once the rent is paid, what do I do with the money from "variable landlord paid expenses" (calculated by BP rental property calc) like Cap Ex, repairs, vacancy etc..? Do I open a new acc...
Just wondering if I am missing any annual expenses for our property. Here is what I have:TaxesInsuranceSnow/lawn careUtilitiesTrash removalWindow CleaningCommon UtilitiesMaintenanceCAPEXVacancyI keep feeling like I’m ...
So I'm estimating expenses and trying to figure out the 50% rule. I'm an experienced flipper, but moving to buy and hold. I understand the need for CAPEX reserves (5% of GOI) and property management (8% GOI), taxes,...
Can someone give me a way to roughly estimate the monthly expenses of a Single family home, with tenants paying the utilities, and not having a property manager (for the moment).
Hey guys, I know every market is different and it depends on the house, upgrades, etc. but just looking at getting my first place and am planning to house hack while going to school. I’m running some numbers on the bi...
Question for all the seasoned NYC / Brooklyn / Queens multi-family buy and hold investors out there. When analyzing multi family properties in our high-cost area, what rule of thumb or percentages do you use for esti...
I’m considering purchasing a rental property or two in the Dallas area to use as a STR revenue generator and get my feet wet for some passive income before I retire. (Note: I’m aware of the new STR restrictions in the...
Hey all,So I have a plumping bill coming that will be fairly expensive.Currently I have two SFH rentals and a checking account for each property. The property receiving the bill does not have enough to cover the expen...
I'm using the BRRR calculator to analyze a few opportunities. It's pretty good but I do have a few questions around the metrics:
1. Can someone explain the variables that are used to calc the Income-Expense Ratio. M...
Holy crap! Marketing is expensive! I went to listsource.com to build my list and had 10,000 people or so on it. I filtered the duplicates and only had names where the mailing and property addresses were whole. Further...