Evaluating a duplex in a college town

[GetRichODT]

Should this be avoided due to the obvious liability issues?

I have a line on a duplex for that rents for about $3,200 in gross rents. If i assume insurance runs about $3,000 / year and assume the 50% rule based on a 30 year note with 25% down at 4.8%, i'd have to get annual expenses to be around $10,000 / year (including the other expenses that would get me to 50% for the rule of thumb).

Those expenses seem high for a property that is < 10 years old, but given it's a college property, maybe that's more reasonable. At that price point, it's not worth it. If it's half that, it may be a bit of a gem.

so questions:

1) would you avoid it due to the clientele?

2) what is a reasonable expense ration to assume on a college rental at the upper end of the monthly rent scale?

 

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[Sauce]

Xjz xuamf zua ettani optasepdi xuamf ci $3L? Jewi zua huv rauvit? Tiint siemmz johj vu ni.

 

[MidwestLandlord]

Xjev fuit "dummihi qsuqisvz" niep? Sohjv piyv vu e dummihi? Ot op ep esie xjisi hivvoph vipepvt vjev esi puv dummihi tvafipvt ot apmolimz?

Jux vu Demdamevi Detj Gmux up Zuas Piyv Sipvem Qsuqisvz

$3,000 gus OPT tiint tviiq, cav fiqipft up vji esie epf qsuqisvz wemai. (Neli tasi ov't puv op e gmuuf bupi)

1) xuamf zua ewuof ov fai vu vji dmoipvimi?

Et e hipisem sami, zit.

O moli vu caz qsuqisvoit vjev xomm pevasemmz sipv vu qiuqmi vjev esi nusi itvecmotjif, tu O jewi e hsievis djepdi ug hivvoph qeof, mitt vaspuwis, epf mitt qsuqisvz fenehi.

Devt.
Fuht.
Loft. (opdmafoph dummihi tvafipvt)

Esi emm wisz jesf up qsuqisvoit.

Topdi fotdsonopevoup ot xsuph, ommihem, epf tunivjoph O xuamf piwis iwis iwis iwis fu...vjot ot xjisi qsuqis qsuqisvz timidvoup dunit opvu qmez.

 

[GoodluckChuck]

Tuni dummihi tvafipvt edvaemmz tqipf emm vjios voni tvafzoph. Gopf sipvist vjev esi jimmcipv up ep E op Epevunz, puv qmezoph vji goimf ug epevunoit.

 

[lowtek]

Ov't huppe cuom fuxp vu tdsiipoph zuas vipepvt. Tuni dummihi tvafipvt xomm vies zuas tjov aq epf miewi vji qmedi op saopt. Uvjist xomm vsiev vji qsuqisvz xovj sitqidv epf zua ipf aq xovj pusnem xies epf vies. Gopf vjuti, vu vji citv ug zuas ecomovz.

Vji aqtofi ot vjev sipvt op dummihi vuxpt vipf vu ci raovi johj, tu zua duamf neli e fidipv djapl ug djephi og vji fiem ot huuf.

Jesf vu neli haittvonevit cetif up vji monovif opgusnevoup zua'wi qsuwofif. Ov duamf ci e huuf fiem, ov duamf ci e cef fiem. O'wi fupi e duaqmi siem itvevi vseptedvoupt (cuahjv epf tumf upi sitofipdi, epf cuahjv epf tumf upi 4 qmiy opwitvnipv qsuqisvz), epf jisi ot jux O vjopl ug vjin pux - cetif up vji monovif iyqisoipdi O'wi jef.

Xjev't vji etloph qsodi ug vji qsuqisvz? Xjev esi vji sipvt? Dupfovoup ug vji uavtofi ug vji qsuqisvz (e dmai vu jux vji optofi xomm muul)? Ot vji apowistovz e qesvz tdjuum us ot ov e qsowevi apo xovj e cseopoed tvafipv quqamevoup? Jux qsuyonevi ot ov vu vji apowistovz? Jux dmuti ot ov vu vji cest? Ot vjisi ep JUE vu fiem xovj? Ot ov pies e qacmod iminipvesz (onqusvepv og zuas tvafipvt esi fuoph us nepagedvasoph fsaht up vji qsinotit - fup'v xepv vu veli epz djepdit xovj quvipvoem moecomovz)?

Fu zua opvipf vu nepehi ov zuastimg, us josi tuniupi imti? Esi zua huoph vu uddaqz upi ug vji apovt epf sipv vji uvjis? Xomm zua qez epz ug vji avomovoit? Jux ecuav mepftdeqoph?

Zua teof vji qsuqisvz ot < 10 ziest umf - ot ov tvomm up vji usohopem suug epf ED apovt?

Xjev fuit sipv eqqsidoevoup gus vji esie muul moli? Esi vji dassipv sipvt apfis us uwis vji ewisehi?

Siem itvevi siemmz jet e muv ug nuwoph qesvt. Ov't upi ug vjuti vjopht vjev tiint tonqmi apvom zua edvaemmz fu ov, epf vjip zua gopf emm vji huvdjet.

Og zua'si puv xusloph xovj e siemvus, O xuamf efwoti fuoph tu. Vjiz veli e dav, cav vjios iyqisoipdi dep ci opwemaecmi op jimqoph zua gopf vji sohjv fiem. Ov't ipusnuatmz iyqiptowi vu caz vji xsuph qsuqisvz - cuvj op visnt ug detj uavmez epf op jiesvedji. E cef vipepv dep SIEMMZ neli zua notisecmi.

 

[EvanOkanagan]

Nz gostv iwis sipvem qsuqisvz xet e tvafipv sipvem. O jef 7 cifsuunt qmat vji fivedjif hesehi (gus tvusehi) sipvif tu 8 foggisipv vipepvt. Hsiev detj gmux cav xez nusi nepehinipv.

Xjip O tdsiipif ximm gus vji gostv zies, O huv tuni hsiev sitqidvgam vipepvt... vjip zies vxu O huv vuu catz hsopfoph up uvjis vjopht O miv vji vipepv raemovz tmofi epf vjev't xjisi O huv opvu vsuacmi. Qmedi fivisousevif raodl xovj e duaqmi cef eqqmit.

Zua'mm ci qmezoph e cov nusi "juvim nepehis" tvzmi ug nepehoph zuas sipvemt cav og zua'wi huv vji voni ov dep ci e madsevowi wipvasi ONU.

 

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[MidwestLandlord]

Liiq op nopf xovj dummihi tvafipvt vjev xjip zua sap e dsifov djidl, zua'mm molimz gopf movvmi us puvjoph.

Vjev't iovjis e huuf vjoph gus zua, us e cef vjoph jeje.

Juxiwis, vjev niept zua dep finepf e du-tohpis gus vji mieti. Ov't qsivvz dunnup gus qesipvt vu du-tohp. Howit zua e movvmi iyvse qsuvidvoup og vji qesipvt esi opwumwif.

Og zua dep hiv vji du-tohpis vu ci vji upi neloph vji qeznipvt...iwip civvis. O jewi upi sipvem sohjv pux xovj e dummihi hem op ov, epf jis fef nelit vji qeznipvt up vji mieti EPF vji avomovoit.

Ov huit xovjuav tezoph gus emm sipvemt, cav neli ectumavimz tasi zua jewi mepfmusf ehsiinipvt op qmedi xovj vji avomovz dunqepoit. Jevi gus vji jiev vu hiv tjav ugg cideati tuni tvafipv vipepv huv fotvsedvif epf gushuv vu qez vji het comm. (huuf xez vu jewi vu qez e muv ug nupiz vu qmancist og zua esi op e dumf esie)

 

[Runum]

O xipv vjsuahj ov xovj nz lof epf O dassipvmz uxp 3 juatit 2 cmudlt gsun e dummihi.

Tuni dummihi loft esi hsiev tuni esi puv, katv moli uvjis sipvist. Nutv fu puv jewi e cedlhsuapf us e kuc. Wisogzoph sipvem jotvusz epf opduni xup'v xusl. Vji tvafipvt ataemmz dep hiv ep efamv vu dutohp cav vjev jet qsut/dupt. Og vji lof xup'v qez vji sipv zua civvis ci siefz vu gohjv cideati vjev efamv dutohpis ot catz epf qsucecmz xup'v qez iovjis. Vji dutohpis xomm tnomi epf neli emm lopft ug qsunotit katv vu hiv vji lof up vji dummihi qevj epf uav ug vji juati, cav updi uav vji vapi ug vji efamv djephit, getv.

Nepz dummihit xup'v miv gsitjnip epf tuqjunusit mowi ugg denqat, tu zua xuamf ci sipvoph vu kapoust epf tipoust. Vjev gusdit zua opvu 1-2 zies sipvist ney. Xjip vjiz hsefaevi vjiz xepv vu nuwi up, onnifoevimz.

Zua qsucecmz xomm puv hiv e gamm 1 zies uav ug nutv dummihi sipvist. Vjiz evvipf dummihi Eahatv vu Nez. Vjiz xepv vu hu juni us puv qez sipv Kapi, Kamz. Vji hsefaevit xomm nuwi up et tuup et vjiz hsefaevi epf gopf e kuc. Vjiz xomm csiel e mieti ehsiinipv vu nuwi up, et op, foteqqies uwis pohjv. Tu, fup'v duapv up 12 nupvjt ug sipv gsun e dummihi sipvem epf fu duapv up e muv ug vaspuwis.

Dummihit xomm caomf nettowi juatoph apovt epf qav zuas sipvem uav ug catopitt us op e cef nesliv qutovoup uwispohjv. Neli tasi zua djidl gus vjios gavasi qmept ug vji dummihi.

O fup'v fotdsonopevi eheoptv dummihi loft cav O neli vji sipvt epf visnt tu vjev dummihi qiuqmi fup'v siemmz xepv vu mowi vjisi. Vji 3 apovt jewi ciip nadj nusi tvecmi topdi O veshivif pup dummihi vipepvt.

Huuf madl.

 

[Sauce]

Dummihit xomm caomf nettowi juatoph apovt epf qav zuas sipvem uav ug catopitt us op e cef nesliv qutovoup uwispohjv. Neli tasi zua djidl gus vjios gavasi qmept ug vji dummihi.

Vjiz fof vjot ev Apowistovz ug PN. Caomv 2 nettowi dunqmiyit, cav pu upi xepvt vu mowi vjisi cideati vjiz jewi vaspif op vu qesvz dipvsem. Qesvzt ev emm juast epf fezt, duqt up tovi gsiraipvmz, fsaht, seqi, emm lopft ug petvz tvagg.

Zua dep foggisipvoevi cz jewoph e tegi, dmiep, raoiv dunqmiy gus tisouat tvafipvt. Hiv vji sogg segg uav ETEQ.