All Forum Posts by: Alex Kovalenko

So got an update on this - after inquiring more into it and speaking with PM over the phone - the PM sent me the following email ;) 

"Please take this email as my notice to terminate my property management agreement with you. I am giving you my 90-day notice as required per my management agreement. It appears that there is no trust from your side in our ability to manage your home which is reason enough for me to not continue this working relationship."

I followed up with an email asking how me asking why and how we spent $3k in extra fees is "no trust from my side". This is on top of another invoice they sent us in January for $500 for a washing machine leakage that they said they made a mistake and voided it. 

But in any case I guess it's for the best. Who do you recommend for short term PM in Cape Coral / Fort Myers / area? 

Thanks all for your answers - yes I am investigating. I am frustred with lack of communication and random expenses that are in thousands of dollars even though we are only with them for a few months. I did request to authorize any extras by me and not proceed without my OK. What are your thoughts - does your PM do similar things? Like I feel the markups a bit insane. And these are on top of their monthly fees + 20% commission off each booking (like they got all their bookings off Airbnb) 

Example are and all of these are just in a few months! 

$1k in purchasing a few paintings (to make it more appealing) and hanging them , as well as assembling a table outside ;

$600 power wash the house ; 

$100 to throw away garbage ;

$400 investigating A/C and breaker ; 

$300 checking sprikler system; 

$50 freshup fee they charge us ;) - on top of $300 FEES they charge the tenant to clean 

etc... 

We just started renting our property manager - most rentals he gets from Airbnb - my only concern is every month he comes with various expenses - pillows, fixing sprlinkers , animal control, additional cleaning, a/c fix, electricity fix , labour to fix a chair ($100 - a chair fix costs more than chair itself) .

like he charged us for ac fix $400 - a month before we put a new ac in weird

so far 3 months into it we have like $3k in various expenses which is insane I finD

Is that normal? Do property managers come up with various costs to get more money that way? 

It’s expensive to keep it running (property tax , insurance , mortgage) so we don’t need all these random extra fees

thanks 

Hi 

Any recommendation for a property manager in Cape Coral? Thanks!

Hi

We have qualified for a mortgage and will be buying a vacation property in Florida that we intend to rent out via Airbnb when we are not there.

to all Canadian investors out there - did you form an llc or lp? What’s the best way to invest by forming a corporation? 

Thanks 

Nice!! $11k for 2 months rental - is that for a house in ft Myers? 

Thanks! Which areas in Fort Myers / Cape would you recommend for buying a vacation property and renting it out ? Thanks

For example - this one shows up as $30k+ potential income with AirBNB (via AIrdna) 

https://www.zillow.com/homedet...

Thanks Stetson - what do you think of North Port Florida / Pt Charlotte - it looks like newish houses are being sold for around $300k - and potentially can bring in with Airbnb around $40k-$50k (so about 8-10% cap rate)