John Kennedy
Lease terms when allowing short term arbitrage in my building
I have a rental duplex and am about to enter into a lease with a tenant who intends to do short term rental arbitrage in one of the units. Does anyone have any recommendations for what type of insurance clause I shou...
Dustin Owens
Quadplex Owner Expenses
I am currently looking purchasing my first multifamily. Quadplex. Other than mortgage payment, taxes, water, sewer, trash, grass mowing. What am I missing? Also the electric water heater for coin operated washer a...
Caleb Rehg
Tenant Move-In Package
I just purchased my first rental property and am currently looking for a tenant. I was wondering what I should give the tenant as far as a move-in package. Like common maintenance, maintenance requests paperwork, et...
Lucio Palanca
[Calc Review] Help me analyze this deal
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Kevin H.
NREIA Member Perks with Home Depot
Hi Everyone,
Just wanted to give some investors some information. If you spend quite a bit on building materials or everyday maintenance on your properties. If you join NREIA, which costs around $250 a year. By joini...
Bob Woelfel
Capital Expense or Maintenance Expense??
Accounting question....would a new appliance for one of my rentals be considered a maintenance expense or cap ex for accounting purposes?Would that change if it were a flip project? Thanks.
Chris Chesser
What do you look for in a property manager
Just wanted to know what exactly you all look for when choosing a property manager. What is the minimum experience amount you typically look for (how many properties they run and for how long they've been managing), h...
Alex Aronson
What % of gross rents should be allocated to repairs
Hello,
Just finished my taxes for 2008. I noticed that my % of cost from repairs compared to gross rents was 4.7%. I currently budget 10% of gross rents for repairs. IE if rents are $800 a month, I set aside $80 f...
Corey Demuth
Where is that thread about preventative maintenance
I remember a thread or blog post or something on here where someone was listing all the things they do in their rentals as preventative maintenance but I can't findit now!I distinctly remember there were things they d...
Alkis Valentin
Where do I find washing machines for a laundry room of a 4 unit?
Hi. I am starting renovations of a 4-unit which I own in Yonkers, NY in May. I am thinking of using one room in the basement as a laundry room, with one washer and one drier. I was told by Hercules (www.hercnet.com) I...