All Forum Posts by: Chauncy Gray

@James Wise,

I find it better to ask than to assume. 

@Ryan Webster,

Thank-you for sharing.

@Nathan Gesner,

I find this to be invaluable because this will force me to pay attention to detail. I often make assumptions about most things, but I've learned to question things more often. I will definitely keep this in mind, and ask the appropriate questions when going over a management agreement. 

So now I do see how the lease fee can be charged twice within a year, and passing the costs down to the tenant makes sense. 

I will continue to research and learn what to look for. 

Thanks a lot.

Hello @Richard Cole,

I appreciate the information you are sharing here. I see there's more to it than I previously thought. I will keep these things in mind once I decide to hire a property manager. 

Thank-you.

Hello,

I want to address the following questions to investors who have hired property managers in the past. 

1. I have heard that property managers charge fees for handling a property that goes vacant. May I ask as to what this fee covers? Right now, I am having trouble understanding the purpose of the additional fee since the property manager has already been hired for managing the property. 

2. I also learned that some charge fees for renewing leases (up to 50% of one month's rent), and that some do this up to twice per year on a property? How is that so, and what would be the reason for these charges? 

3. What are some other expenses that new investors should be aware of when hiring a property manger? 

4. What is the property manager's business/income model?

V/R,

Chauncy


 

@Lynnette E., I will do a little more research. Thank-you for sharing!

V/R,

Thank-you, @Scott Jensen!

@Carl Fischer

I will reach out to you. 

V/R,

Hello @Account Closed,

It is under $100,000.

V/R,

@Matt Devincenzo,

I appreciate the help. I wasn't sure as to how often TSP encounters investors wanting to do a rollover into an SDIRA.

Thanks,