All Forum Posts by: Dan O'Neill

We are still within the 30 days. There are a couple things I’m waiting for: picking up the couch that is outside (now under about a foot of snow I guess) and, yes, returning the keys. I guess I will just hang and see if they accomplish those things.

I served a 30 day notice to unit due to on-going obnoxious noise which was disturbing others. We’re talking snowmobiles at 2am, rocking until 5am type noise. I wanted them out. They didn’t drag it out, they cleaned the unit well and moved out within the 30 days. Do I need to do anything here to wrap things up with them? They cleaned it well enough that I was going to refund a portion of the sec. deposit but I found out the tenant is now sitting in the county jail for something. What the heck do I do with the sec. dep. in that case?

Kamren Longton It’s at 6:00pm. Sorry for the delayed response. Were you able to make it?

Update: For more information email Chris at [email protected].

I love BP! Thanks for all the various perspectives. It gives me lots to think about.

Matt Clark Yes, it’s 5k per year on top of the 7.4k

Looking for some perspective on management fee. Some background: I toured a 15 unit property with a pm rep and the company worked up a budget for the property based on something similar they manage. The budget has 10% management fee which is expected but then there’s a separate line item for site manager payroll at 5k. This is for the person in the area which oversees about 100 units for the management company already. This would put the true cost of management at almost 17%. Is this normal?

I could also suggest looking down by Beulah. Crystal Lake is one of the most beautiful lakes around with a very nice public beach in the village but you can pick up properties for much less than TC.

@Justin Miller Did you ever connect with someone and make your trip up here?

Northern Michigan Rental Property Owners Association (NMRPOA), a non-profit organization assisting landlords and real estate investors, will be meeting Monday, April 2, at 6:00pm at the Elks Club. Please arrive no later than 5:30pm if you are ordering lunch. Guest speaker for the meeting will be Sarna Salzman from SEEDS. All members and interested parties are welcome. To RSVP and for more information email Kathy at [email protected]