All Forum Posts by: Kehui Ren

I’m interested in a single family which is  corporate tenants occupied till 2024. Anyone has experience with renting out single house for office use? Any pros and cons of doing this comparing to residential renting? 

Thank you Robert!  

Hi Richard,

I originally built a 8% fee in to the model with $800 maintenance cost, which still give me a great ROI. The PM companies I've contacted so far charges a 50% - 65% first month rent for every new move ins on top of 8% - 10% monthly fee. And there's also additional ~$200 annual charge on marketing/advertising and ~$200 on boarding fee etc. Adding everything together, property management fee will at least over ~12%. Not sure if this is a reasonable fee in NC but it's def higher than I expected.

 Thank you Katie, appreciate it. Will give them a call tmr! 

Hi BP,

I'm still a new bird in property investment. After doing a lot of research, I recently purchased an apartment in Winston Salem, NC but now seems to have trouble finding a great PM company. I've talked to a few companies but they all seem to charge unreasonable high management fees. Does anyone has a recommendation?? I'm doing it long distance from NY btw.