All Forum Posts by: Robert M.

Brian, I am a licensed RE agent and investor.  I have rentals in the Lithonia/Stone Mtn area of Atlanta and would be glad to help.  

You can contact me at [email protected] or 404.931.4803

Thanks @Azeez K. ...well done!  So nice to meet everyone.

I am interested in everyones thoughts on getting the highest appraisal in tenant occupied properties.  I am pulling some equity out to grow my portfolio with a community bank.  I think they are flexible and would allow a drive by appraisal.  

The properties  are C+ type neighborhood and I think my tenants are decent in keeping the properties clean..would say that they are great at it though..

What would you suggest...a full appraisal or drive by?

@Elizabeth Colegrove and @Larry Turowski Agree 100%, however for a very quick in my head calculation I will use it as a guideline.  I always recommend running a full set of numbers before making any offers.  I am now doing quick calculations using a higher rate when I get a lead on a property.  At the end of the day I guess I should have posted a post about expenses rising faster than rents in my area.  Seems to be driven primarily by property tax increases.  

@Heather W. ...I wish my taxes were complete!  ....but I am working on my Pro Formas

Thanks Michael S

Dont know why I did not see that before!  

Hi Everyone....Tax season is great to reflect and really dig into your numbers!  I have found that my expenses are creeping up year on year and revenues remain relatively flat.  Atlanta Market

Property taxes have doubled for me over past 2 years so I think this is primary cause.   I am now considering 60% as a guideline not 50% when evaluating properties.

Thoughts?

Hi...I am sure this has been asked before...but...I don't see Property Taxes as an expense on the rental calculator.  I know I can add a category but it would be nice if it was int there for the pdf reports.  In my area Property Taxes have increased dramatically over the past year and its an important part of my analysis.  Can this get incorporated into the calculator?

Great!  My backyard..Marlow's Dunwoody...Please count me in.

Sounds like a great idea... Go Brie and Jay!

Sounds Great...cant wait!