ALL >> General >> View Article
Proper Financial Planning
Success as a buy and hold investor comes as a result of many accurately taken planned steps. Proper analysis is for certain of those but in addition is proper financial planning. During the financial analysis stage it is important to account for vacancy and repairs/maintenance. Moreover, it is imperative that these funds are placed in a reserve account. For example, if your analysis called for 5% vacancy monthly and 5% maintenance monthly, these funds need to be placed in a reserve account monthly.
One of our team members calls these "buckets". On a monthly basis place these funds in these buckets. If proper screening and management is performed, a tenant may remain in the property for multiple years so your vacancy "bucket" should be growing for when a vacancy arises. Additionally, if no repairs are required because the property was properly rehabbed for a long term buy and hold investment including; good or new roof, furnace, plumbing, electrical, windows, etc... this repair "bucket" will grow and when a large repair does arise many years down the road, the money is available for use.
Poor planning ...
... will lead to the need to tap your personal checking account to pay for a vacancy or repair. There is no need for this to occur if you are properly planning your investment. This is just one of many tips we offer our clients that make succeeding as a long term buy and hold investor not a "I hope this works out" but a "This will work out" scenario. Plan, organize, and manage your way to success.
At PA Deals we offer fully renovated, top-notch, cash flowing properties plus all of the support you need to become a successful long-term buy and hold investor. Do not fall victim to a get rich quick scheme, get wealthy for life with PA Deals. Visit www.padeals.com to learn more now about this unbelievable opportunity!
Zack Wiest is owner of PA Deals, LLC. They are a residential real estate investment firm located in Harrisburg, PA. Though founded in 2006, the principals of the company have been investing in real estate since the year 2000. You can find out more about us at http://budurl.com/padealsbmpart
General Articles1. Unwind In Paradise: Pompano Beachfront Vacation Rentals Await
Author: T Thomas
2. The Best Metal Detector
Author: sam jou
3. Neue Auctions' Fresh & Neue Sale, Mar 2, Features 341 Lots Of Antiques, Fine Art, Sterling, Jewelry
Author: Cynthia Maciejewski
4. Buy Quality Dermal Fillers And Mesotherapy Online
Author: DERMAL FILLERS AND MESOTHERAPY ONLINE
5. Unlocking Business Agility: The Role And Impact Of Agile Coaching
6. Why Airlines Keep Seats Empty And How You Can Benefit From It
7. Everything You Must Know About The Riverbend Homes For Sale
Author: Haupt Realty
8. The Ultimate Guide To Styling Gold Body Chains And Two-piece Mini Skirt Sets
Author: In Your Diva
9. Differentiate Between Iso 9001 And Iso 14001
10. How To Pick The Best Career For Yourself?
11. Iptv Bonanza: Laughing Through Channels, Finding Your Perfect Match!
Author: Abhay pandey
12. Cricket Delight: Joining The Fun With Paid Live Hd Streaming!
Author: Eon Smith
13. Best Aluminium Windows Manufacturers In Shimoga
14. Vk Immigration | Best Immigration Consultancy In Chennai
Author: VK Immigration
15. Savoring The Flavor: Top 5 Pub Foods To Delight Your Palate
Author: Raj Vijay