All Forum Posts by: Daniel Fridrij

@Erik W. These are good ideas to start thinking about it. Thank you!

@erik W. These are good ideas to start thinking about it. Thak you!

Hello everybody.

I am looking to invest in the Ohio market. Single Families.

A person I know there is willing to manage the properties we buy. She manages a 100 unit building, so she is pretty familiar with everything.

BUT, she is not a licensed Property Manager, what I think could mean for us some troubles in the future, if she has to show in court representing us, etc...On the other hand, if I was managing myself, I don't need a license, and she could be like our representative, empowered, and maybe she don't need a license...? 

Does anyone has an idea how we can do this in a proper way?

@Will Fraser Thank YOU!

@Will Fraser. hi Will, it's  a constructor quote/agreement. No loan involveed

Hi everybody, talking about rehab insurances...

Is it enough to quote this in the rehab agreement?

Owner to carry fire, tornado and other necessary insurance on above work. XXXXXX Management and/or its subcontractor(s) will provide Workers Compensation and Public Liability Insurance. In the event of default, by Owner, Owner shall pay any costs of collection, incurred by Agent, including attorney fees.

Hi everybody, I hope you are well.

I am starting to meet some constractors to start working with. We are doing buy & hold.

I was wondering if some of you could share with me, the kind of contract/quote you have used, that you find most convenient. 

Thank you!

Hello everybody.

I am reviewing the PM agreement, and it doesn't say that any person that will get in the property, should be with the proper insurance. For example, if the PM sends a plumber to my property, and he broke his hand...

Should that be state in the contract?

@Christina Carey. Hello Christina, do they include in the report a budget about the job (costs) that needs to be done?

Thank you!

@Will Fraser. Thank you very much!