What is a good formula for splitting profits on a rental property investment?
Q. I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this up. Being close family members, we weren't too concerned about figuring this out we bought the property. I would really appreciate any suggestions from real estate investors experienced with partnership investments like this. Here are the figures for the capital and work/mangement invested by each party. Investor #1: Invested $150, 000 by taking out a regular home loan. Lived at the property and payed "rent". Did 85% of the maintenance, improvements and rental property management. Investor #2: Invested $75,000 from a home… [cont.]
Asked by Maika - Mon Aug 27 17:24:11 2007 - - 5 Answers - 0 Comments

A. Since Investor #1 paid rent and primarily maintained the home, it would be split like this $250,000 purchase price; profit is 75,000 (I assume you have already taken the maintenance out of this) Investor #1 paid $150,000 / $250,000 = 60% of $75,000 profit = $45000 Investor #2 - paid $75,000 / $250,000 = 30% of $75,000 = $22500 Investor #3 - paid $25,000 / $250,000 = 10% of $75,000 = $7500 If you haven't taken out the maintenance, then you need to deduct the cost of maintenance out of the profit and pay each of the parties back for the maintenance they paid. Keep in mind that investor #1, as a renter, would normally have had to maintain the property but I'm assuming that he did more than just "maintain" the property.
Answered by Princess Leia - Mon Aug 27 17:37:51 2007

What is the best way to find rental houses in the Seattle area?
Q. I have tried some of the basics (craigslist, NW Source, classifieds, other websites with rental listings), but thought I would ask if anyone has advice on other ways to find houses for rent in Seattle: good rental agencies that don't have a strong internet presence, property management companies in the area, or even a tip on a neighbor looking to rent out their extra house. Any advice would be appreciated! Thanks.
Asked by coreyander - Mon Jun 18 02:16:48 2007 - - 2 Answers - 0 Comments

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Answered by chilena12 - Mon Jun 18 20:18:38 2007

What resources can I find rental properties in San Mateo County California?
Q. We are relocating near San Mateo and are having difficulties finding a rental home in the area. Aside from Craigslist, do you know any other resources we can look at? We are not looking for an apartment and have a dog. Thanks and Happy Holidays to all!
Asked by bradweiser00 - Fri Dec 25 21:49:08 2009 - - 1 Answers - 0 Comments

A. Craig's List is kind of the standard here in the Bay Area so is by FAR the most comprehensive source. If you're having trouble finding anything that looks good on CL, you're not gonna have much luck with any other source. That said, SF Gate: has some stuff for San Mateo, and Rentals.com: has more. If the issue is finding something with a dog, keep in mind the Bay Area is awful when it comes to "pet-friendly" housing. It's total BS, but there are always ways around pet restrictions (just ask)... ;)
Answered by Spaceball Ricochet - Sat Dec 26 05:08:13 2009