I'm looking for 10% net pretax with 1 or 2 months vacancy cushion to boot.
Hard to find on single family homes now that things have picked up but there are occassional condos and not junk either. Not new but quite liveable.
Have you used manager services on properties? I decided to try it on one property and so far not bad. Pay $30 per month for overhead costs (advertising, showing unit, credit screens, etc) and 5% of gross rent. Plus the yhave fairly reasonable repair people for simple stuff (replacing curtain, fixing leaky faucet, general small maintenance).
I had always done it on my own but when I can get almost 10% net pretax USING this it sure seems like potentially less hassle.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
