Jared K.
CAM Fees Included on Calculating Gross Income for PM
Anyone know if CAM - Common Area Maintenance fees are included as gross income for purposes of calculating property management fees. Stated differently, we specialize in residential property management but are gettin...
Petra M.
Pro Forma calculations. %-ages off Gross Rent or Operating Income
Do you use Gross Rent or Operating Income (Gross Rent - Vacancy Losses) to calculate your expenses?For example:$1000 monthly rent.8% vacancy$920 gross rent.Property Management 10%$100 or $92?
Rehaan Khan
How to file taxes under 'gross income' for house flippers?
Hello, Does anybody know how to file income from flips under 'gross income' on tax return as a self employed flipper? There is a section to report it under, 'sale of business property', but that doesn't add up to gros...
Jacob Haskins
Tenant Screening- 3x gross income but no money in bank
Hello BP Community! I am looking for some insight.We are getting ready to rent out our first unit to long term tenants! We have listed a 2/2 home for $1200, and today we set a physical appointment with some intereste...
Austin Mann
Multi Condo Exit Strategy? $80K annual Gross Income package deal?
Hello BP Members, hope everyone is doing well with their REI adventures.
I have six 2BR/2BA condos in a major metro area of central Alabama.
I recently moved to the country and may sell these properties as a package...
Andy S.
Yearly Gross Income Requirement for Rental Application in New Jersey
Hello,I was wondering, for New Jersey, how much I must look for rental applicant's yearly gross income for rent affrdability. For example for a rental with $2700/month rent with folling scenarios, how much mimum inco...
Craig Markhardt
Value-add 19 unit with 24% increase in gross income planned
Investment Info:
Large multi-family (5+ units) buy & hold investment in Mitchell.
Purchase price: $850,000
Cash invested: $212,500
61,000 SF Retail & Multifamily, Mixed-Use, value add propert...
Keenan Steverson
Screening tenants - 3 times the rent - their Gross or Net income?
When screening tenants, income is at least 3 times the rent (traditionally). Is that 3 times their Gross income or Net income? I assume Net, but being a rookie, I don't want to make any assumptions. Thanks!!
Ying B.
Approve or Deny? Expenses > Income but meet Gross 3X of Rent
I have a listing priced at $2450 (4 BR, 2.5 bath).
I am currently focusing on 1 applicant who makes ~100K in her current job for 25 years, excellent rental references for past 9 years but my rent is $800 more than he...
Christina B.
STR Insurance Medical Liability Coverage plus Underwriting request for Gross Income
Currently, we have a commercial policy with State Farm but when our lawyer reviewed it, she recommended we increase our medical liability coverage. Both Air Cover & VRBO provide medical liability up to $1M (and we...