All Forum Posts by: Monica Litster

ok got it, thank you!

If I am setting aside 10% each month for a potential vacancy, is that $ just deposited into an acct for months when there is a vacancy and that $ is needed to pay the bills? 10% each month? If you run a duplex, then yes, it could take some months to set those required funds aside. However, with the 16 unit, 10% is more than 1 unit's monthly rent. Total monthly rent when fully occupied is $8700. That is a lot of $ set aside if there are 1 or no vacancy(ies). Am I missing something here?

Thanks,

Any recommendations for a property management company in Mcalester, OK?

Thank you,

Monica

The deals I am working on right now are in AR and OK.

Yes I can.

What part of Charlotte are you in?

Is a master lease always the preferred way and first option to start with? With another option being private funds. Just wondering 

Hi,

Is there a master list of podcasts, numerically , so that I can cross them off as I listen to them, or make notes on which ones to listen to again?

I am looking at a  12 unit. The rents are low, and all bills paid. Something has to give, either the rents increased or the bills become tenant paid, preferably both. But, how do I go about this, because don't the leases have to be honored?

I have had a few multi fam come across my desk over the past week that meet the 1% or better, but as soon as I add in my $200 per door per month and Mgmt, because I don’t want to manage, the deals don’t even remotely work. And I have been told that $200 per door per month is an acceptable/reasonable amount.Thoughts?

Many thanks!! Clearer now.