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All Forum Posts by: Kip Pears

Kip Pears has started 0 posts and replied 4 times.

Post: Savannah Georgia multifamily

Kip PearsPosted
  • Rental Property Investor
  • Posts 4
  • Votes 3

@Michael Herren Would love to connect and network with you or anyone else in the area. We're currently in Germany but hoping to be moving back to Richmond Hill next year (2024). We have two rentals in Ohio and two in GA, one SFR and one multi.

Post: Meet ups in Savannah, Ga

Kip PearsPosted
  • Rental Property Investor
  • Posts 4
  • Votes 3
Quote from @Steve Collins:

@Aisha Duff sounds good! I am looking forward to it!


 Its been 4 years, lol, How did the meeting go?  

Are they still doing them?

Post: Investing Strategy - Greater Savannah, GA area!

Kip PearsPosted
  • Rental Property Investor
  • Posts 4
  • Votes 3

Im currently stationed in Germany but were planning on heading to Savannah, GA for (hopefully) Retirment in 2024. We have two rentals in Ohio, one SFH in Richmond Hill,GA and one multi in Savannah, GA. Would love to connect with anyone investing in the area including yourself if your still there.

Post: Property Management - Repair Mark-ups?

Kip PearsPosted
  • Rental Property Investor
  • Posts 4
  • Votes 3

I know this is an old post but I just found out my PM is charging 10% for each repair/service under $500 and 5% if over $500 even for scheduled mowing. From what I've read here it seems that is normal. What I think is not normal is it was never mentioned in our dealings, and it's not listed anywhere on the management agreement. When I brought it up and the fact that I don't see it on the agreement he stated its 10% which other companies charge 20% and it's not listed in the agreement and is not required to be listed. I don't see how it is legal to be able to add a service charge without it being listed on the agreement, this property is in Savannah, GA. They use rent manager so I can see the description and cost of repairs but no actual invoice from the vendor. I don't really have any issue with repairs but for regularly scheduled mowing which I'm paying $176 (including the 10%) for two visits a month for a tiny yard seems a little crazy to me. Im wondering what others think of this, especially if your based in GA.