I was bidding on a sfr on auction.com It would not accept my bid past 85k. However when I tried to up it to 85,500 or 86k it said 5k increments only. At end of auction winning bid was 86k does the site lower the minim...
I am on a committee in my small 8-unit condo HOA tasked to figure out an inexpensive way to get a reserve study done. Has anyone used a do-it-yourself type template? I found many sites that explain how to do it and ...
I have seen a bunch of questions about reserves for things like vacancies, major repairs, and capital improvements. In my opinion, these are not relevant to my rental empire.I try to find properties that at a minimum ...
Hi all,
This may be a silly question, but interested in thoughts from more experienced investors. If you have a goal to get to a certain amount in reserves per property, once you reach that goal, do you still budget ...
Hi all,If a tenant pays a reservation fee in preparation of moving forward and getting ready to sign the lease and move in, then he backs out. Who keeps this reservation fee? The Property manager or the landlord? I wo...
My understanding is that lenders look for 6 months PITI reserves. How do they know you would use those funds for PITI? Am i required to put that lumpsome in escrow? How impactful are piti reserves on rate, LTV and app...
So I have heard of the 50% rule and also 40%. I am currently working on my 3rd SF in less than a year and am closing on a 4th in a couple weeks. I have so far completely rehabbed all properties. I don't want a pro...
How much do you hold in reserves for each rental? Do you hold more or less for property type? (I.e. Condo vs Duplex)I've heard 6 months but am curious what others are using.
Any recommendations on using some sort of reservation management system to schedule showing appointments? Something like what you see for medical or restaurant appointments. I'd like to provide potential tenants with ...
It seems easy to park money in a checking account for property reserves, but that feels inefficient.Where do you keep your rental property reserves?