Rental and Cashflow Property - Management, Strategies and More

A Mobile Home Park (MHP)is commerical real estate, thus it requires more due diligence then your normal residential property. There are evaluative factors involved with these properties even above and beyond your avarage apartment complex.

Ten Tips on Renting Out Your House
The Wall Street Journal
September 3, 2009

With housing prices still in the dumps, many Americans are finding themselves in the uncomfortable position of landlord. Some have been forced to relocate for a job and can't sell their houses. Others have moved, but are holding on to their previous homes, hoping for prices to rebound before selling. Many are finding that rent checks don't come close to covering their mortgage payments....

Ten Tips on Renting Out Your House:

I have decided to explore purchase opportunities in a nearby (metro NY) ethnic neighborhood. There are lots of homes for sale, many on the market for extended periods of time. There are also many multiunit rental properties around with advertised vacancies. The question is whether purchasing for rental purposes in that area makes sense when there is plentiful competition around?

I would like to use my new purchase of a rental house as one of my 5 for the opportunity to get back my investment in the coaching system. How do I go about documenting this property, and how does it count towards the $1000.00 minimum income for the deal?

Which one is better to use when protecting your personal property when you own multiple properties.

Hello, everyone!

Let's not forget any of those investment expenses that we have when owning rentals. One of the biggest things people forget about is their mileage. You can deduct the mileage you drive while conducting business for your rentals. It could be while going to collect rent payments, going to do repairs, going to the hardware store to get supplies, going to show properties to prospective renters. You can take the actual costs or the standard mileage rate. It is easier to keep records of your mileage and use the standard mileage rate. You must keep accurate records either way.

Good afternoon everyone!

Hello All,

OPERATING EXPENSES are those necessary to run investment property even if it were bought without debt. The key to successfull investment often is spending money wisely for operations. Being careful, but not skimping, is the answer.
Operating Expenses may be devided into two categories. Fixed expenses do not change as the rate of occupancy changes. Variable expenses are directly related to the occupancy rate: as more people occupy and use a building, variable expenses increase.