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Jimmy Shin has started 1 posts and replied 6 times.

@Chris Clothier It really helped a lot, Thank you so much for your insight I really appreciate it Chris!

1 Vote

Originally posted by @Armstrong Maignan:

After first month, how much are they asking?

It’s 9%.
it seems like 9% is standard for this area

0 Votes

Originally posted by @Drew Sygit:

@Jimmy Shin how do you screen applicants?

this is was on my list and have no idea why I forgot to ask this question haha

Thank you for your advice!

0 Votes

Originally posted by @Drew Sygit:

Besides focusing on price, how many questions did you ask each of these PMC's about what services they provide and HOW they execute those services?

Don't be foolish and assume they both do everything the same way!

I asked lots of other questions and I liked both, maybe the one charging 100% little bit more.
I just wasn’t sure if 100% is industry standard.

What would be your best question when it comes to figuring out if they are the good one

0 Votes

0 Votes

Hello, I'm currently investing Memphis area from California.

I have two PM companies in my mind to take care of my properties but one charges 50% of first month and other one charges 100%.

What's normal rate for first month?

one of my property can rent out $1850 and paying 100% of rent for the first month seems like too much.

If you know any good PM company that you are using in Memphis area, please let me know and I'd love to connect with them!

also, if you are in Los angeles area and investing in Memphis or any state out of California, please let me know I'd love to connect, buy you a lunch or coffee!

Thanks

1 Vote