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I'm drafting some purchase criteria to send to a few MHP specialist brokers for a good first deal. Here is what I have:
Targeting 1 to 6 units with lot rents averaging less than $400 per spaceVacancy rate between 65%...
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Hello! Looking for recommendations for contractors / handy man in the Collingwood / Haddon Township / Haddon Heights area. I'll take more than one name. Not necessarily looking for cheap, but looking for reliable, fas...
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I am wondering if anyone has had any experience with buying or selling or valuing a property management business. What are typical formulas for valuing the company, such as 3 times net profit, or 3 times gross revenu...
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We are in the process of buying a second home with 10% down. We sent in a purchase contract offer and our realtor came back and asked for screenshots of our cash reserves in order to show the seller that we could put ...
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I have been researching recent sales in the Baltimore area for Multi unit apartments from 20-200 units and it seems the per unit pricing is to really high compared to the rent. With properties built in the 1960-1970 t...
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Hello BiggerPockets!I just got under contract for a 6-plex with a reputable turn-key company who is very active on BiggerPockets.I ran some numbers and used propstream and vestmap to get an idea of the demographic and...
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I recently had a long-term (5.5 years) tenant move out. She was a fantastic tenant—always paid on time, easy to work with, and took good care of the property overall. She did move in two cats during her tenancy (with ...
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Hi everyone,
Just a quick question about bank accounts and bookkeeping...so, with rents coming in and having to account for regular expenses as well as cap ex on each property, etc. do you end up having multiple ban...
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Hello,I am currently looking for a real estate accountant and lawyer of which I can grow my real estate business as well as potentially a contracting business in the Cincinnati area. Any recommendations or contacts wo...
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Hi all, I was wondering what Trust Accounting software that you are using? This only applies to short term rental property managers. Don't say quick books as CPA's say it doesn't do well with Trust accounting.