What are the Pros and Cons of Crowdfunded Real Estate?

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3 Things to Consider When You Want to Sell Your Home

Selling a home these days requires a lot of thought and planning. Here are 3 quick things to consider when you are thinking of selling you home…

3 Things to Consider When You Want to Sell Your Home was first published on http://ift.tt/1zkfO5w

         

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Rental #1: 6-Month Update

I wrote a couple months ago about our first long-term rental property, and I promised to provide updates every six months or so to give an idea of how the investment is going and what we’re learning. It’s now been six months seen the purchase of that property, so I thought I’d provide an update…

Keep in mind that this data is only for part of a year, so the numbers aren’t very meaningful (for example, I’ve paid annual tax bill in that six months but the amount paid represents 12 months of payments). But, since I plan to provide updates over the long term, I’ll put the numbers down here for future reference…

Here are the highlights of the past six months:

• Tenants moved in just over six months ago (February 23).
• Property is being managed by a professional property management firm, so I’ve been mostly hands-off, other than getting my monthly direct deposits and having to take a phone call here and there and dealing with one maintenance issue. The investment has been nearly completely passive so far.
• Tenants pay $1450/month in rent — so far, it appears that the rent has been paid by the 3rd of the month each and every month.
• The one maintenance issue was with the HVAC system. A blower motor went bad and the freon in the condenser was low. The repair cost more than I was expecting, and had I known the price upfront (which I approved without seeing the invoice), I would have had my own HVAC guy do the repair. But, it was nice that I didn’t have to deal with anything.

Fortunately, that’s all there is to mention…it’s been a very unexciting few months…which I’m very happy about…

Here are the numbers since the tenant has moved in…

Keep in mind that these are actual expenses — they are not pro-rated…so, for example, if I don’t list an insurance cost, that’s because I didn’t have a bill during this period, not that I didn’t have insurance on the house…

As a reminder, I spent $61K on the purchase and $18K on getting it into service (total asset value of $79,374). We don’t currently have a loan against this one, though that’s a consideration in the next 6 months.

The few things that skew the returns down for this short period of time are the one month of rental income I paid the PM, the one year of property taxes I paid, the one year of State personal property taxes paid and the utility bill for the period prior to the tenant moving in.

I expect the 12-month numbers to be more reflective of longer-term ROI trends.

Original Article Source: Rental #1: 6-Month Update

Crazy High Prices of Real Estate Around the World

While we here in the USA are still feeling the effects of the real estate crash of 2008, it is no wonder that only one US city ranks in the top 10 most expensive cities to buy real estate in.

Crazy High Prices of Real Estate Around the World is available on Real Estate News

         

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15 Questions To Ask Property Owners

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