Account Closed
Multifamily Operating Agreement
Hello,Can anyone recommend a good lawyer or law group that could draft an operating agreement for a multifamily RE joint investment between two partners in a 50/50-style split in the state of Wisconsin? Based on peopl...
Account Closed
Operating expenses calculation
Ok lets say my i pay100 in taxes100 in insurance80 in maintenanceProperty manager 120Hoa 100Anual vacancy: 1,200Anual : NOL 7,200Rent: gross rent 14,400So my operating expenses are 50%?NOL 7,200 ÷ 14,400(gross rent) =...
Kenny Dahill
PM: Operating Expenses
It is commonly stated that management companies run on a thin margin for profit and loss. I'm curious what the general budgets consist of that causes these thin margins. For those who run their own firms, I'm intrig...
Andrew Schildcrout
OWNER / OPERATOR SOFTWARE
I currently use Buildium, I find it's a good software for a Property Manager but not for an owner operator. Ive used QB in the past but not great to actually manage tenants or Viewing portfolio metrics like equity, de...
Eli Rosenthal
Operating 10+ Airbnbs?
Would like to connect with anyone managing 10+ Airbnbs to learn more about how you're running your ops and tech.
Hunter Estess
Partnership operating agreements
I am partnering with 2 people on their first buy and hold property. I am a good bit more experienced in real estate, real estate investing, and construction than they are. I am partnering in an effort to 1) get their...
Mark Takata
Improve Apartment Operations
Hey BP, Background: I'm trying to help my dad improve operations on his 8 unit appt complex in the West Adams area of Los Angeles, CA. He currently has 6 of 8 tenants on month to month (2 newest including one that mov...
John Sheppard
Mini Storage Operation
I'm looking at building a mini storage facility and want to focus on online application/rent collection. I'm in the process of building a website to operate. Not sure if one should lock all vacant doors and unlock o...
Greg Larson
Annual Operating Expenses
Hey all, I'm looking at a duplex property that was just put on the MLS. It's stating that the annual operating expenses are only $500.This sounds unrealistic, correct?If so, is it common for MLS figures regarding GOI...
Babatunde Onadele Jr
Average Operating Expenses
Currently refining my comps metric and looking for an avg maintenance and utilities (water/sewer) cost for the Cleveland area. Assume property was built after 1900. Any insight would be greatly appreciated.
Thanks