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We are looking at an annual HVAC tune up plan for our rental. This is what one company's tune up entails:Spring AC tune up:Indoor Unit
*Blower Motor *Amp Draw *Bearings *Blower Wheel Balanced *Control Board *Operatin...
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Hello BP!I'm interested in your comments regarding the price for this property considering the current rents. The property is located in Montgomery, AL. The contract price is $274,500. The asking price was $280,000. I...
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I have an opportunity to purchase a home to flip and the owner is willing to carry his loan on the property while we get the work done. We would avoid a lot of expense with Realtor, Title and Financing fees this way ...
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I have been doing a lot of research lately on accounting. I plan to open a separate set of bank accounts for my investment properties (I currently have none): one checking for operational expenses, one savings for ten...
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When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
For any of you multifamily/apartment owners out there, how do you manage your appliance maintenance and service requests?I got into the multifamily space to manage apartments and not appliances, but I noticed a decent...
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Hello! I need your advise.I’ve been renting out my house through a property management company for two year. I’ve noticed quite a few unreasonable repair charges. For example like this one: “one charge was to take the...
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After I bought a property, I had to replace the water heater right away as the old one was rusty and leaking. Of course I could not rent the property out without water heater being functional. Is it operating expense ...
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Hello everyone,I am looking into a property that has 13 units total and due to bad management and deferred repairs and maintenance the units are cash flowing poorly. Based on the information sent over by the listing ...
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When analyzing cash flow, and with respect to depreciation:Do I calculate depreciation into cash flow projections?If so, is it on the total price, or just the building and not the land?And, is it figured on the basis,...