…they charge for re-signing the same tenant for another year? Maintenance up-charges. Do they add an extra fee to maintenance and repair calls? Dispossessory and eviction charges. Do they charge…
Search results for: repairs and maintenance
Why the One Percent Rule Matters (When Buying a Rental …)
…costs $300,000 should rent for at least $3,000 per month When I talk about a property’s price, I’m referring to purchase price plus urgent repairs. After all, you might buy…
The Ultimate Challenge: Finding the Real “Value” of Money
…created $35,000 annually in completely passive income. (That’s after paying for management, repairs, and all other active tasks.) It’s awesome. But it’s bothering me. During the first year, I only…
“I Want to Create Passive Income, But I Don’t Know Where to Start” — Part II
…that’s the case, conduct the repairs yourself and manage the property yourself for the first few years, but don’t engage in BS accounting. Don’t pretend that paying yourself $0 means…
Should You Pay Cash for a Car?
…short-changing retirement to make the purchase. We have plenty of savings for home repairs, car repairs, health savings accounts, travel, and quarterly taxes. We have cash reserves for all of…
Real Estate Investment Report: How I Earned $5,604 in Five Hours
…we like knowing that we can handle multiple vacancies plus repairs. If we have two or three vacant units at the same time that a roof leaks or a pipe…
#433: Ask Paula: Should I Quit My Cushy Job?
…buying a house two years ago in Ft. Lauderdale. She’s poured $30,000 into repairs, all of which she borrowed. Her home-related debts have mounted. She’s over-extended. Should she cut her…
Reader Question: Should I Buy a House With Cash?
…two more points: #1: Cash Reserves I don’t know how much money you have set aside for emergencies – such as car repairs, home repairs, and covering your cost-of-living if…
#135: Ask Paula – How Can I Get a Downpayment for a Rental Property?
…property. She now owns two rentals. She bought the first for $77,000 (purchase + initial repairs) and it rents for $975, and the other for $80,000 (purchase + initial repairs)…
One TERRIBLE Piece of Financial Advice You Should Never, Ever Listen To
…insurance, taxes, loan interest, repairs, maintenance, Realtor commissions and closing costs. If they’re lucky, most of their net gains can be explained as “inflation plus 2 percent.” Most people would…
