12 September 2022 | 21 replies
If you post all of the following items here, I'll post an evaluation of hold vs sell from my perspective.TaxesSewer and Water (generally paid by tenant)Trash (generally paid/dealt with by tenant)Heat/Utilities (generally paid by tenant)HOA (probably not applicable)Cap Ex and Ops (my personal minimum is $150/roof/month)InsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. (8% represents 1 vacant month/unit/year)
28 September 2014 | 14 replies
@Jesse Waters @John Thedford I really like the idea of including a large earnest deposit such as 10% or more but could you explain that further?
2 October 2014 | 6 replies
@Starr Ango don't forget when you buy and hold you need a capital reserve to repair the roof, replace the hot water heater etc as things come up.
2 October 2014 | 19 replies
Turns out my roofer screwed up, water was able to get under the shingles and ruined the kitchen ceiling.
8 October 2014 | 11 replies
I knew that the wear and tear on the property, and water usage (which I pay for) would be lower with only one or two people rather than 6.
28 September 2014 | 7 replies
The manager that handles the bulk of my portfolio gave me a discount from 10% to 8% once she started managing more than 5 units for me, cutting that cost by 20% for doing business in bulk.Hope that helps, best of luck.Jesse Waters
29 September 2014 | 8 replies
Thanks @Leon Yang @Dave Visaya @Jesse Waters for the warm welcome and advice.I am still learning how this forum features work. : ) What happen next if I press Connect to Follow or Send Colleague Request?
29 September 2014 | 8 replies
@Jesse Waters @Edgar Collado Wow.
28 December 2014 | 6 replies
Find out what the owner & tenants are each paying for: Trash, water, sewer, bugs, utilities, maintenance (age of roof's & ac's) etc.
11 February 2015 | 24 replies
Are there any good way to ensure renters are watering the foundation to prevent foundation problems?