Yishi Garrard
What % of gross income for expenses?
Hi,
What % do you use as your "rule of thumb" for estimating annual operating expenses when evaluating an income property? Here in Tucson, AZ, most properties that I manage for clients are running between 20-28% expe...
Melissa Mccrary
Buying and selling real estate
I don't have very much money to purchase an investment but would like to buy a Mobile home, fix it up and then rent it out. The issue is I don't know what they average rental rates are for the town and if it would be...
Chaim Zigelman
Repairs/Maintenance
Hi All,I am looking at a few proforma's with my agent and I noticed that they are all missing the repairs and maintenance items. I asked him about this and he said that its not something that is usually included in du...
Tim A.
Can I deduct plumbing work in primary residence before renting?
I currently live in a SFH and am in the market for a duplex to move into one side and turn my SFH into an income property. Since I am having work done to prepare my house to be rented (plumbing) can I deduct that expe...
Account Closed
4.9m commercial office space
i am looking at a 16,470 sqft office building asking 4.4m online broker emailed me at 4.9m, its fully occupied with leases until 2022 , i feel its worth 3.9m but having a hard time finding comps. the proforma states 4...
Deborah Burian
Contract signed but not closed - Should we place tenants?
Have just signed a deal for a multi-unit, it has a number of vacancies... I am currently showing an owned property and will have more candidates than I can accommodate. Can't make up my mind if I should recruit these...
Tara Sonnabend
Recommended language about overgrown lawn
Hi all, I have a tenant who I have allowed to do their own lawn service for reduced rent. I recently saw that they edging or trimming along the perimeter and some areas have been quite overgrown. Does anyone have reco...
Ron Todd
Would you rent or sell this house?
Happy Mother's Day BP!We found the perfect house to make our new primary residence and now I'm left with figuring out what to do with our current house. Comparable rents will only net me $60 CF (after PITI/vacancy/mai...
Yejin Mun
Can I time gut renovation?
I own a victorian house that was fully gut renovated/modernized 18 years ago. (I bought it 3 years ago)I'm trying to see how long in the future I will need to do another gut renovation, so I can start saving up some m...
O Samuel Adekolujo
Help me analyze this deal
View reportThis property was listed $320KDuplex with basement and 3 car garage in a Class B neighborhood . Multiple improvements done on this duplex in 2021, including new roof, gutters, flooring, drywall, electrical,...