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I have been a fleet manager/ director for awhile. Managing fleets of 150 to 13,000. I am looking at houses the same way I look at fleet vehicles and I would like to know if my thinking is flawed. See below:
I buy a s...
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Property: $145k - Duplex (50% occupancy right now) (Zillow)Rent: Found the ad for unoccupied rental at $550/unit so expected income of $1100 per month (Link to Ad)Costs: Estimated from FHA scenario (at asking price, c...
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I've started several Property Manager/Management-centric discussions on here. After physically meeting some local BPers here in Indianapolis, and throwing this idea around, it seemed to stick more than I reckoned it m...
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Denver, 130k asking price, leased property. 24 washers 30 dryers and dry clean laundry service cash flow just under 80k. Thoughts? Questions I should ask?
Good evening. I'm looking to purchase some land in Martinsville, VA from out-of-state, and wanted to know if anyone is able to recommend a reliable property manager that services Martinsville, VA. Thanks!
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Hello everyone just reaching out to see if any one has a good property management company they can refer me to. I have a 4 unit property in NE Washington DC that has been mismanaged unfortunately and looking to find s...
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Hi All,So I have a job pulling in easy 60 hour/week and thought about the whole "do it yourself handy man" type deal with a rental property but honestly I don't think it'd be beneficial / efficient for my end.Whats ev...
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Hello everyone I would like to get a sense of what percentage (5-10%) you allow for maintenance cost, cap ex & vacancy when analyzing a property I realize it’s based on property condition and other factors but let...
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Hey there BP. I have rentals I self manage but I am going to be taking over property management for a property that is not mine. The property in total is 15 acres, but the owner does not want to include all the land...
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Dear All, I have a quick question regarding oil heating system. I bought an old row house in Baltimore city. It has about 12 years old , oil heating system. I never used it before. I have full oil tank. To start, d...