John Public
Which is safer for long distance apt ownership
Hey guys, I'm about to enter a partnership with a group of investors to purchase a 100+ unit apartment building. We haven't yet finalized what property we want to buy (were still in the finding a deal stage), but I w...
John B.
35% Operating expenses for Apartment?
Looking for an apartment around 10 units in the South Georgia area. Expenses seem to run 27% without mgmt and 37% with 10% mgmt for C class building. Do these numbers sound right? Currently owned/managed by a local co...
John West
What are your expenses in a small mobile home park
40 - 50% depending on the age and shape of the park. This is what I hear from podcasts, but what do these expenses consist of? I can think of property management, plowing (in the colder climates), mowing, capex.... an...
Johnny Situ
What kind of application/app/software do you use for your rental property management?
Hey guys,What kind of application (desktop or mobile) do you use for managing your properties? I am kind of a old-fashioned guy who is using Excel to do all the calculation and book-keeping, I think it's time to try s...
Alex H.
Tax deductions and property management
I know Ive seen a thread re: this but I cannot find it. If you utilize a full time PM company for an out of state rental property can you still deduct expenses for an annual/semi annual visit??
Derek Shearin
Cap Rate NNN question
I happened to find a property that the owners are offering a 20 year NNN Leaseback "Sale". They list the Cap Rate at 7.88%. On an apartment building, I understand that Cap Rates are calculated based on Net Operating I...
Mansi Kothari
Help me analyze this deal in Brooklyn, NY
Hello there, I would appreciate some extra eyes on this deal. I've run it a few ways and would like to better understand if this deal makes sense in a market like Brooklyn. Welcome your thoughts and suggestions. Thank...
Marcus Robert
Accounting Software
Greetings: As I here businesses may be steering away from Quick books I wanted to get some opinions on Landlord/Accounting Software that you all use.Thank you,Marcus
Andre Chambers
4-Family purchase-Objective perspective wanted
Hello BP!I’m seeking some outside perspectives on a deal I’m analyzing.I’m looking at this 4 family (all 1bd,1ba units) in a solid “B” area near me to house hack. The other 3 units are rented with long term tenants. ...
Darryl Griffin-Simmons
Help with Analyzing 4plex- am I doing this correctly?
Hey BP Family,I saw a 4plex on the market and figured I'd run it through the BP Tool, but not sure if I'm doing this correctly as it came out to be a negative COC and would not cashflow until year 5. This may be too m...