Potential First Time Landlord (Pittsburgh - Squirrel Hill)
Hi Folk. New to the group. First time poster. I'm looking at moving to TX. No state income tax and a nice property tax exemption on whatever house I decide to call home (one of the perks of being a disabled Veteran). However, I decided to keep the home I have in Pittsburgh to rent. I have spoke with RPM Pittsburgh in terms of services and I believe I have a general concept of how they operate.
I ran a simple spreadsheet evaluation to include the various costs involved with making this work (image attached). I'd appreciate any feedback you may have. Sidenote: I'm not turning it into an LLC due to the low 2.5% APR VA homeloan that would need to be refianced by law at an undoubtedly higher rate.
Realitve to comps in the area, the house in completely remodeled with a larger than average back yard and includes a recessed hot tub on back deck. 3 bedrooms (one is a small crib room in all fairness) and 1.5 bath (upstairs main and downstairs powder room).