All Forum Posts by: Chad Lopes

If you hire a property mgr who charges 10 percent of gross rent and 1/2  - 1 month rent for lease up it is going to be closer to 12 percent over time

ok. That's helpful Curt. Appreciate the insight.

Would be very curious to hear ideas from BP members on creative partnerships with their property managers. I like the idea of aligning incentives through co ownership or incentive plans rather than the standard 10 percent of rents. Creating a partnership rather than typical business relationship, has anyone done anything along these lines that has worked successfully over a long period?

I've used Grantham Plumbing in the past, very good experience. . 

Hi Ron, may I ask why you said "besides Red Rock". Do they have a bad reputation? Also, I'm curious if you have found a good property mgr in Birmingham? I am currently under contract for 5 properties and am looking for a good property mgr.

Thanks,

Chad

I am looking at Class C SFR. In general, properties are 40-45K with $700/month rent. Applying the 1.5%+ and 50% rule makes the numbers work, but my question is does the 50% rule apply to this profile of property? Any advice is much appreciated!