Mariah Myers
Expectations for Destin STR reservations pick-up
Good morning, everyone. :-)
I invested in my first short term rental in Destin last august. While I know that I closed on the purchase just before the down season, I am wondering when bookings start to pick up for ...
Gopichand N.
Is contigency reserve normal for property management?
I am currently in the process of reviewing a contract from a property management company, and I came across a clause that raised some questions.The contract stipulates that a sum of $500 per property, up to a maximum ...
Cal C.
Don't forget to have a cash reserve!
One of the most important things you will need when investing in real estate is access to readily available funds to make emergency repairs. Emergencies will happen and often at the most inopportune times. These ...
Kirk B
The Reserve Expense Prinicple of Property Analysis
I was looking at a property that had extremely high taxes in relation to Gross Rents:
2 apts $500 ea, $1,000 Gross
Taxes: $4,250/yr $355/month
...
Mike R.
reserves: # months rent or # months expenses or ??
curious how folks set up their reserve accounts? do you use something like certain number of months of gross rent (i.e. 3 months gross rent) or # months of total expenses or based on expected capital expenses or some...
Alex Forest
Savings Account Recommendation: Interest for cash reserves
Where do folks keep their cash reserves, any recommendations on banks or savings accounts, CDs, etc that offer at least some interest? Perhaps an online bank (only) that offers at least some return?Of course, for a lo...
Kelly N.
How much cash to keep in reserve?
Hello all,
We are just staring out, closed on our first rental property in January and waiting to close the second. Our plan for the the first year was to purchase two cashflowing properties, then use the cashflow ...
Teague Anderson
Where do you guys keep your reserves
Where do you guys keep your reserve funds? It seems like a waste to just have them sitting in a checking or savings account, but other accounts usually either have risk, or make it hard to pull the money out. Does a...
Zak Klobucar
CapEx Reserves for High Rise w/ HOA
Just wondering if people are typically holding additional money for large Capital Expenditures when purchasing a rental property in a high rise. I have money put aside in my calculations for repairs and maintenance (...
Peter J.
No HOA reserves ($0). Time to sell?
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...