The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
As has been discussed, lets start an investment property thread. As Fatwallet Finance readers have likely seen , I am a BIG FAN of buying and owning investment property. However, unlike with the...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
I've personally found he management fees to be ridiculous. If I recall they wanted the 10% up front on the entire years lease value. Second, all they do is friggin collect the rent and send you the...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
I once had a tenant that couldn't believe I didn't replace light bulbs. Not that I didn't make sure that they were all working when they moved in but they wanted me to replace a couple that burned...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Good thread, i'm curious about how these go about. So you do about 10% management fees, but that doesn't cover any maintenance you're saying, correct? I'm assuming you don't pay when it's not...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
I am interested in this topic as well.
In my teen years, my dad's long term girlfriend leap frogged from home to home, renting each one. She now owns 7 or 8 houses and makes a significant...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
"I also choose to maintain a HOME WARRANTY on the properties. A home warranty covers the electrical, plumbing, and appliances in the home for about $30-40 month. There is usually a service call fee...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
With $100K you can mortgage four $100K rental properties. Assuming we are close to the bottom of this real estate market plunge that would be a safe investment in terms of property value, you could...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
I have a question for you landlords. Are you operating as a sole proprietorship or a llc?
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Not in the UK or Tokyo....or I fathom the possibility of Dublin return?
Any1 with me? 10,000 a piece?
But then triple taxation or 2 + 1 foreign tax is not fun.
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Exactly!
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Do you hire and pay yourself.... or lose all tax deductions by DIY?
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Well, you can also think of it this way: "Do I want to pay $4.00 out, and get back $1.00 in tax refund, or can I fix it myself for FREE and save $3.00 right from the start?"
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Talked to one of my customers that has been renting out a couple of houses for the past 40+ years he has 6 rented 7 owned he doesn't want anymore.
He said top 3 things to put on lease agreement...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Does anyone really go through the required paperwork to write a tenant that their security deposit earned 0.08 cents last year and they can deduct that from their rent if they so choose, along with...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Yes...easily. Luckily taxes and maintenance are fairly minimal since the house was purchased back in 1998 and is in really good shape. We always have professional tenants...I currently have a lawyer...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Are you $flow positve on a YoY basis with property taxes and slush maintenance fund?
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
very interested in this thread developing into some good.
OP, I'm thinking maybe the warranty and the management company kinda are a redundancy. Either do without the warranty and build up cash...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Definitely interested in this topic. Normally, information like this is kept in the family and you have to figure it out on your own through trial and error. But yea, depending on the information...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Any links to good calculators for break even or profit for rent vs payments(mortgage, tax, maintenance, etc).
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Recently found this site, and this thread made me actually sign up for an account lol. This type of investment is what I work with most. I work part time as a realtor and full time at a property...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
I'm curious. My experience involves working with my father who's a contractor that prefers to build houses, but that business is hard for the little guy to get regularly.
How do you determine...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
There are a lot of ways to approach becoming a landlord. This is what I have done.
In Chicago, as in many other places the real estate market is a mess. Due to the number of foreclosures the...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Sounds like the owner (Lessor) pays for the heating in this case. By doing the above, he's kinda covering his *ss at least 2 ways:
1: If the renters like to keep the heat up quite high, they might...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
That particular discussion you're referring to was talking about home warranties.
A home warranty (in theory) is a plan where you pay about $50 per month to a home warranty company and, if...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Another thing to consider is the value of the property after years of having a tenant. It can be good or bad. The neighborhood may appreciate in value, or the tenants may destroy the home. ...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Home warranties are a horrible idea regardless of who manages the property or how far away you live from the property. More about home warranties was covered earlier in this thread
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
I Understand you maintained the management company to collect the rents. Did you take home warranty? Do you recommend taking home warranty if the rental property is too far from your residence say...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
We're moving into summer and bugs are only going to become more prevalent. Unless you take a two-pronged approach (1. Remove the food source, AKA the reason why they're coming in, and 2. ...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Great thread. I am wondering what good margin you guys work on and how much you save to cover reparis/vacancies?
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
A tenant asks if I can enroll them in an auto debit program tied to their checking account. I'm not sure what that really is.... but it sets up an automatic payment directly to my bank account.
...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Hey everyone, need some advice/information.
I'm considering renting my current house out and buying a second home to move into, but unsure about how to prequalify for getting a second home. I...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Here's a nice story
SALEM, Mass. (AP) — Police say a Salem woman has been charged with assault and battery with a dangerous weapon for allegedly trying to infect her landlord with a skin disease....
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
I didn't know people signed a five year lease on a rental house. My house is in Chattanooga, TN. Perhaps larger cities have leases that long. Thanks for sharing your experience.
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
From a financing stand point, I hate dealing with condos. Some lenders won't even do them if the investor concentration is above a certain percent. Unless you plan on paying cash, your could run into...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Yes, there are numerous issues from a financing standpoint: 1) the number of homeowners delinquent on their assessments 2) The percentage of owner occupants 3) The amount of reserves held by the...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
1997 Burnham steam boiler using 4,000 gallons of oil annually, set to 4 GPH. Will a gas conversion burner work as well as the oil one has, and would it be worthwhile switching?
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Are all the good properties bought up? I am looking in the S Tampa area and can't find anything decent without paying $300k, and then its just a normal purchase with not much room for adding value....
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
My plan is to buy a 3 bedroom single family home hopefully in the $150-$200k range and rent out two of the bedrooms to cover costs.I am currently doing this in a townhome which I rent and my two...
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
http://landlord.com/ is my favorite investment property website. There's enough great information on that website to keep someone busy reading for weeks.
The INVESTMENT / RENTAL PROPERTY thread!!!!!!
Expired
Thread created 08-23-2011 by DNN
+7 Score
83 Replies
18,573 Views
Great thread...
Wife and I are very interested in this, saved up some cash and would like to get a property to start out with.
Any chance some people with experience renting and point out...
Page 1 of
3
1
2
3