Jonathan Sher
GRM? Cap Rate?
Hello everyone. This is my first post on the forum besides the new member area. I have been reading a book about investing in Duplexes, Triplexs and Quads. So far, the author has expressed his use of GRM (Gross rent m...
Johnathan Norman
Any reason to be near your property?
First some background... I've done multiple single family homes in Texas which is where i grew up but I now live in Washington. Property management company manages my residential properties in Texas and I'm a passive...
Aditya Maini
[Calc Review] $20k property, does it make sense?
View report*This link comes directly from our calculators, based on information input by the member who posted.This is a condo unit in a rural part of the state. Unit requires minimal rehab work (clea...
Sam Shah
late rent payment fee collected by PM
Hi Everyone,I'm a new landlord who just bought few multi-family properties. One of them is in Hartford, CT. My PM is telling me that he just collected few late payments and charged $50/tenant for being late. Now, he's...
Travis Howser
Property Management Fees and Commissions
Hi BP, A few questions about Property Management companies.1) Is it common that each time they find a new tenant to move into your property they ask for a 1 month commission fee?2) What would be an example of a 1 mont...
Kate Hayes
Multi unit properties
Hey there,I am running the numbers and seem to be finding the return on a tri-plex is much better than a single family home. I could expect to make $2200 a month with a single family home for $250K - Or $3000 for a tr...
Reggie Maggard
four-plex....good deal?
Heres the deal...4 plex, rents or 1740/mExpenses are 40 for electric, 35 for trash, mowing/snow- 150 for a total of 225PITI - 850Vacancy/PM/Capex/Maintenance-556total expense =1631this seems to be one of the better de...
Jonathan Saft
Hiring a property manager vs. doing it yourself
I am running analysis on different multi-family properties in the South Philadelphia area as part of a plan to house hack a duplex or triplex. I am planning on living in one of the units for 1-2 years before moving, r...
Joseph Sapyta
What’s a good amount to have saved up for first rental property?
I’m trying to lay out my plan for my first property. Trying to find a duplex for around 150k more or less. For example if I do a fha loan and my down payment is around 5k, how much extra should I have saved for this ?...
Tristan Toliver
First-Time Property Manager/Landlord
Hey Everybody!After nearly a year of analyzing deals and getting my offers turned down, I recently closed on my first property and will be house-hacking a triplex. The house has one occupied unit and two vacant units...