All Forum Posts by: Delbert Standifer

@Danae Pitcher

What are some names of companies who provide umbrella insurance and what are some of the quotes does anyone know?

@Tarn Brar

ARV?

My ADU will be completed next month. I paid 175k for a 400 ft.² one bedroom one bath ADU. It should rent for $1700. That basically meets the 1% rule. As for as the appraisal right now the property is valued at 850k I'll see what the new appraisal will come in at when I refinance and they make me get an appraisal. I'm hoping for a 1M appraisal. We shall see.

I have 3 rentals in this market and will be acquiring one more of the early part of next year

Thank you bro.

I would like to know are you still able to capture depreciation when you have the property paid off?

@Mary Jay hire an asset manager! Explain everything you need done and negotiate how much you are going to pay him/her. That’s a possible solution.

I love my PM!

@Tim Bee

Don’t worry I totally understand your question. I have 11 doors and average about 200 per door. 2200 net per month is not bad. Most of my doors are in 100k less market. When I pay the 100k market doors off(less than 10 years) I’d average about about 500 per door. I’m comfortable/confident with my strategy. Good luck to you all especially the so called experts!

Networking!!! Slowly!