Jason DeMauro
Purchasing multifamily with a tenant - Contract Questions
I am purchasing my first multifamily property, small two-family with one unit currently occupied. The tenant has been in the home for 3 years and wishes to stay. At this time, I have no intention of requesting the un...
James Dunn
Buying single units from an apartment complex
As I’m just staring out and Im not wanting to get too far over my head, I feel like this is a good learning point. What do you guys think about buying single units from an apartment complex? The units are $34,000 for ...
Account Closed
Average monthly costs of maintenance and repairs as a % -- 2-4 units
Hi guys,What's the % of monthly rent you would estimate for renovated property? The property is 100 years old but has been renovated. It's a 4 unit. 1 bedroom/1 bath per unit. I know the numbers can vary but just ...
Craig J Chelette
Cap ex and maintenance on a recently flipped property
Anyone have any advice on what percentage to put aside for cap ex and maintenance for a property that has recently been flipped. It is a duplex and i am trying to run numbers to see if it will work. I want to be rea...
Sujay Kumar
Rental property analysis
Hi,I am looking to buy a rental property / SFH for 80,000 using funds in self directed IRA/ cash.Monthly expenses is 760 using the bigger pockets calculator ( including insurance- 120.00 per month, property management...
Roy Gutierrez
Appliances in rentals
Where do you usually shop for appliances to get the best deals? I was just at Sears Outlet, not bad, haven't tried the used appliance stores yet. For washers and dryers I have had good luck buying cheap from CL, ...
Jason Jones
50% expenses even on new construction?
Many here use the 50% expense rule when evaluating rentals. Is this true even on new construction? I mean, if you buy a brand new home then I would image you won't have a lot of expenses for the first few years (oth...
AL DURAN
Warranty Companies to help me with my rental
I have invested in a out of state rental and will have a property management co. managing it. I plan to buy a home warranty to cover appliances and plumming. They will repair appliances, $30 or $70 fee depending on ...
Matt Schelberg
Dryer Breaks Due to Tenant Misuse -- How to Handle?
Last night my tenant reported that both the washer and dryer stopped working properly. I suspect the dryer stopped working because she overloaded it with soaking wet clothes that had not been through the spin cycle...
Account Closed
Question for Experienced Landlords
Hi All, I have a question for all the experienced landlords on the site. When replacing stove, refrigerator and things of that nature for your rental property do you try to save as much as possible or do you spend a ...