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Just signed the outside employment form in KPMG onboarding system. I actually wanted to start dabbling in creative writing as a potentially monetizable hobby, but I'm guessing this may pose issues.
Definitely interested in the "exception from this policy may be requested if provision of non-professional services doesn't interfere with one's duties of causes conflict of interest" clause, though. Has anyone been able to get one of those before?
What’s the answer comrades?

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When did it become normal for HOA fees (incl. taxes) to equal 50% of expected rent?!
Coach
Yeah. Cap rate ends up to being around 4%, a bit low but was thinking more from appreciation. HOA includes electricity too and there is gym in building.
Coach
What Consultant 1 said. ☝️ I have 2 properties.
-$79,900 people purchase, rent is $750, but will increase to $800 next year.
-$100K purchase, rent is $1,250.
Coach
So far so good. They were vetted very well before signing.
Good rule of thumb is that rent should be 1% of the total cost of the property. Therefore if this isn’t generating $2600 of rental income per month, it may not be worth it. YMMV
SFHs. Quality tenants, yes - some credit issues from their past, but they take care of the property. Have been late once or twice but we work it out. Same tenant for 4 years in the $1200 one and the guy is a repair tech so he never calls us 😂
More info needed... my gut is no. Condos typically don’t seem like good long term cashflow rentals to me. You’d probably be cashflow negative on something like this, unless you’re putting some $ down.
Gonna guess that this is not a “growing” city (based on price), which would make me question appreciation.
Coach
This is Philly close to city center.
So you’re pulling in $900 on $260k asset? Did you include insurance, or is that covered by HOA?
Seems rough. I generally allocate 30% of rent to taxes / HO / insurance. So for this case even $1200 of $260k feels like a no to me
Coach
All very good points. Thanks everyone.
Coach
For those with rental properties, do you usually look for single family houses or condos? I think houses generally get higher cap rates but are older and require more maintenance vs condos have building supers that will fix things for free as part of HOA. If you have house rental, do you fix issues yourself, hire professional help, or have management company to take care of everything including collecting rent?