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Final Video
We received this property because of the length of time the previous Property Management was taking to lease this property.
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.
The clients deposited $60 ,644 in their bank account. That is the lease profit. After Insurance,taxes and Property Management.
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
Let's Talk
Contact Brett Young (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/
See our Rehab process https://www.cashflowrealtygroup.com/
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