Dillon Cook
DealCooker
Dillon Cook

Video - Buyer / General / Investor

How to triple your monthly rents with the same house.

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Source: YouTube captions (EN).

00:00

make pass work. You You need to not make what you're going to make on a long-term rental. You need to make...

00:14

your gross and double your net because you're going to have a lot more operating expenses. You're going have to pay water,...

00:29

and you're going to have to pay for the trash service here. You're going to have to pay for the lawn care...

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Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

In this video

  • 00:00 make pass work. You You need to not make what you're going to make on a long-term rental. You need to make…
  • 00:14 your gross and double your net because you're going to have a lot more operating expenses. You're going have to pay water,…
  • 00:29 and you're going to have to pay for the trash service here. You're going to have to pay for the lawn care…

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Source: YouTube captions (EN).

Caption transcript. This text is pulled from YouTube captions and may contain minor wording errors.

[00:00] make pass work. You You need to not make what you're going to make on a long-term rental. You need to make more than you would >> because yeah, >> why why go through all this extra work >> for the same for the same return, right? So, I say if you do it right, you triple

[00:14] your gross and double your net because you're going to have a lot more operating expenses. You're going have to pay water, power, sewer, trash, internet, and stuff you wouldn't have to with a regular long-term. However, you know, there's uh got an owner that has multiple duplexes all in one property

[00:29] and you're going to have to pay for the trash service here. You're going to have to pay for the lawn care and they're two-story duplexes. So, you instead of paying internet for both, you're paying internet for one. So, you split that cost.

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Related Questions

Questions this video helps answer

How do I buy and sell at the same time?

It is a juggling act, but it is doable with the right plan. The key is timing your sale and purchase so you are not stuck paying two mortgages or left without a place to live.

Sometimes that means listing your current home first with a flexible closing date. Other times it means making the purchase contingent on selling your current home. There are also options like rent-backs, short-term rentals, or using equity to bridge the gap. I walk clients through each scenario and the numbers behind it.

How far in advance should I plan if I am relocating to Tampa Bay?

Ideally, start planning three to six months in advance. That gives you time to research neighborhoods, get pre-approved for financing, schedule home tours, and arrange moving logistics.

If you are selling a home in another state, I can coordinate with your local agent so the timing is more controlled and you are not stuck in limbo between closings.

How long does it usually take to close in Tampa Bay?

Most closings in the Tampa Bay area take 30 to 45 days from contract to keys in hand. Cash deals can close in under two weeks, while VA, FHA, and conventional loans often take closer to 45 days.

The biggest factors affecting the timeline are financing, inspections, repairs when necessary, and appraisal. I help keep the process moving by coordinating directly with lenders, inspectors, and title companies.

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