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Hello Fishes,
I left capegemini on 4th of Feb and I still haven't got my relieving letter as well as experience letter. I'm trying to access my capegemini portal from webvpn.capgemini.com but I'm not able to access that either. Please suggest me what should be done, my next employer is asking for relieving letter.
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Please Help your inputs helps me
Hi All
I am a fresher and joined infosys Nov 2021 in campus placement.
Now has 11 months of experience. I am planning for MS in Jan intake
If I resign now notice period is 1 month, but if I complete 1 year notice period is 3 months?
My visa is not yet approved, I am confused now whether to resign or stay?
Is there any buy back notice if it is there what is the process?
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Being a long distance landlord sucks, and you’ll probably need a property manager to handle things small things. Tack on another 10% of monthly rent to expenses. Also, capex expenses like a broken AC don’t stop because you aren’t living there anymore. Add in another $150 a month for those savings.
Also, it’s now taxable income, factor that in too.
If it were cash flowing and real estate was still quickly appreciating I’d keep it, but tbh sounds like it’s going to be a headache for a non cashflowing asset. Take the loss on selling costs, be happy it won’t be out of pocket, and put that $500 a month into something else.
This is not an informed decision at all. You are making things up. The probability that you'll have taxable income from real estate as a small investor is really low, that would mean your margin is extra high due to the depreciation aspect that will factor when you file your return
You forgot to factor in vacancy, repair costs, prop mgmt fee, and possibly utilities. You're cashflow negative.
What you need to figure out is if you are net income positive. This is basically cashflow - personal income tax + portion of payment going to equity. If you are positive by about 500/month or so, I'd keep it. This is enough to compensate you for your time managing it.
Also, factor in whether it will appreciate and roughly how much. National average is about 6%/ yr. Probably wil meet this, so you might keep it even if its net income is a little less than 500/month. Your other choice (re: opportunity cost) is sell and pay fees to the tune of 5%.
But your first decision is probably less of a financial one and more personal. Are you willing to deal with owning a rental property you remotely manage?
Subject Expert
Cashflowing $200 is basically breaking even as you’ll need to save for vacancy, maintenance, and capital expenditures.
But if you expect 10% to 20% increase over the next 2 to 3 years, you’ll still be able to take advantage of the homestead exemption, and that will help offset the fees of selling. I’d lean towards keeping it if you truly believe the appreciation is coming.
Being a remote landlord isn’t as hard as you think, it just takes a little bit of effort.
Sounds like a good plan to keep it, as long as the rent covers your monthly payment and it’s set to appreciate some more in the nearest future.