2018 Rental Income Review by State
It is time again to review property performance for 2018
- net income goes from 7.9% for 2017 to 6.7% for 2018 amid rising repair costs
- change of tenant led to a very large increase in rent
- limited appreciation due to the triplex being limited by CCR to above 50 dwellers
- net income goes from 7.2% to 5.9% amid property tax increase and many repairs
- vacancies are very low and tenant turn time very short
- strong appreciation and rent increase
- net income inches up from 1.8% to 3.4%
- vacancy and turn duration was again unacceptably this year
- appreciation was limited
the partnership is cashing out on the appreciation of few houses. Distributions of 72% of the amount initially invested.
image credit By Jonathunder - Own work, GFDL 1.2.
- net income is negative around -1% to -2% without counting financing cost
- vacancy and high repair costs have been plaguing performance in Kansas City
- appreciation was non-existent
- one of the houses in a better area was supposed to be put in service in 2018, the renovation suffered such delays that it is not yet completed more than 1Y after purchase
- net income rose from 5.4% (previous number low due to acquisition during the year) to 7.6%
- vacancy time is relatively low, we did not see a tenant turn yet
- appreciation is very strong
- net income collapsed from 7.7% to 0.3% due to a tenant turn that was very expensive and lasted too long
- tenant turn took three month due to a contractor issue
- prices are stabilizing, the local tax at 3% of market value is so high that an efficient landlord is needed to eke a profit.
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