Ensure that you're comparing apples to apples as well, meaning the properties you use for comparison's sake should not only be of a similar style, size, number of bedrooms and bathrooms but should also be in similar quality to the level you intend to remodel your rental.If you are working with an agent and are trying to buy on market, they should be able to help with this.

We started with purchasing turn key suited homes, but due to market shifts and our comfort level we moved to building the same style homes as purpose built rentals….

They write one check or send the rent to one person. 

If they do, write them down. 

Bedroom sizes are "Chicago style" (aka small) which is the toughest sell of the apartment.It's gotten tons of attention so I am sure it will be leased up without a vacancy.

Hi everyone!  My partner and I are going to send out handwritten letters to home owners in our nearby city. We’re wondering if any of you have changed up your approach to the info you put in the letters or specific in...

As I'm burried in podcasts and reading, I feel like I've heard little about the actual write up of the deal.

You know where you want to be, take a friend and spend an afternoon driving the streets, have them write down house numbers or you do it while they drive.

I have a simple rule if it's an expense I charge it or write a check.

Hi Micheal,If it were mine.HUD gives a 15 year service life for cabinet tops.For instance if the age is 10 years, meaning 5 years (33.3%) of the service life leftI would charge for 33.3% of the cost of the replacement (parts and labor) that I had to write a check for.Owner labor is typically not billed, because you don't cut yourself a check for the labor.Make a point of telling new renters not to put hot pots or irons on the new surface (they probably didn't know any better).Here is a service life list for you.