All Forum Posts by: Daniel Kokodoko

We have 2 duplexes in the Salt Lake area and we are looking to contract snow removal services for both. Does anyone have a good referral for a mom and pop type properties? How much should this be costing us? Ideally we want to sign up for a service where we do not need to call when there is a snow storm, and a service that would be make sure we comply with snow removal ordinance and clear common areas on the properties. Any tips on what to look for, and what kind of services we should require would be awesome.

@Dustin Gale is the $1,875 rent for just the unit you are renting out or is that the total rent for both units?

@Dustin Gale, thank you and congratulations to you and your wife. Could you share more about your recent purchase? Size and purchase of the property and size of the unit? How much are you charging for rent? 

@Immanuel Sibero, I should mention that I meant the FIRST YEAR CoC return. The return does go up the subsequent years, although very slowly, assuming a 3% annual rise on rents, appreciation and expenses.

@Immanuel Sibero this is exactly what I'm doing. In my situation (getting 30 year mortgage with 25%) the Cash on Cash return are pretty low. They range from 2 to 4%. I'm looking to use the Cap Rate to see how the deal I'm looking at compare with others in the area. In addition to comparables in the area, since I'm looking at duplexes. Maybe the real question is, is 2 to 4% COC in the Salt Lake area the norm?

Hi all, just starting out and looking to buy a duplex in the Cottonwood Heights area near Salt Lake City. Could anyone tell me what the CURRENT cap rate should be in that location? More general question is HOW do I accurately find out what the cap rate for an area/property should be? Thanks all the members for great postings. I have learned a lot the last few months just passively reading others posting. Thank you all for sharing.