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We located a tenant that stayed 6 years and was an excellent payer. In fact we had to get them a 30 day notice because they wanted to stay. The tenants left the home in great condition. We needed to get the home rehabbed to sell.
Click Below for Before pictures
The clients deposited $60 ,644 in their bank account. That is the lease profit. After Insurance,taxes and Property Management.
Let’s look at the sales profit. They let us do just $20,000 in updates. We needed to add a Full bathroom and a roof.
Click below to see the after rehab pictures
We Sold the property for $209,000 in 10 days. This property was purchased for Approx $101,000 with the rehab after purchase.
Let’s look at the new numbers
$186,360 (after paying back taxes and closing cost) + $60,644 (net rent receipts) — $101,000 (approx cost of original purchase and rehab)
Total net profit Approx $146,004. Let’s look at the return on money
24% return on their money in the 6 years we managed this property
I have Sold 1200+ Properties Retail and to Investors
Let’s Talk Contact Brett 216–703–5740 Key Realty and Property Management
Mega Million Dollar Producer and Award Winning
Realtor 1200+ Properties and counting
Go to https://realincomeproperties.blogspot.com/ to view what our clients make with our real estate
Need Property Management? Go to https://pmohio.org/
Go to https://www.clevelandincomerealestate.com/ for my Blog
DIY Property Management https://www.ohiopmservice.com/
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