Aaron Sims
Budgeting
I'm a new owner and trying to come up with budget on what I should fix now or put on the back burners.The building is newly painted but the front and backyard is nothing but dirt.I need a new roof, 2 2 car gargage ...
Account Closed
How can i calculate Capex for a single family home?
if my rent is 1,234 per monthand I pay 900 per month ( Mortgage,interest, taxes,insurance,repairs,property manager, vacancy, HOA)it means my Capex is 72.93is my calculation correct?Do i include all these expenses? wh...
Mark Miller
What tenant/other information do I require after PMA termination?
Hello all,
This is a follow up post to my previous post regarding the documents/items that I need to get from the PMC to self-manage the property (a SFH where a family currently resides there and will continue to do ...
Monica Evans
Deduct paint cost from security deposit?
Experienced landlords:Generally speaking, when you are turning a property between long term tenants, do consider re-painting as a “standard” part of the process? Or, do you consider that as “extra” wear and tear and d...
Jeff L.
What insurance will cover the staging furnitures?
The staging company I am using for my first flip dont have insurance. and on the contract it states if anything stolen, I will have to pay for them.
My questions is any insurance company will cover the staging furni...
Kenneth Garrett
General STR Expenses
I am a long term self property managed investor (20 units - mix of SFR and small Multi-units) looking to buy my first STR/Vacation House in the Florida Panhandle (Destin/Navarre). Looking for advice from seasoned STR...
William S.
Did this kill the deal?
Hi All,I've attached an image that shows two methods of running numbers on this potential cash flow property. The left image is highly detailed, the right image is percentage based. Am I being too crazy with the more ...
Rabeeya Khan
Turnover price quote from Vendor
Moderators please remove if not allowed: Hey everyone, We have a recently vacant home in indi that needed a quick turnover for next renter. Our PM’s preferred vendor send us this quote. Looking at the prices , along w...
Ryan Pyle
50% rule is alive and kicking for me
I just finished my 2013 numbers and am once again amazed at the validity of the 50% rule. Here are my numbers for the past several years. The number of units is the average units held throughout the year. To be cle...
Gwyeth Smith
Investors who receive Appfolio reports from their PM
My PM uses Appfolio and sends P/L reports via that platform. I have a hard time "following the money" and after discussing this with my PM company, was told that Appfolio can pretty much generate any report based on ...