All Forum Posts by: Marietta Miller

@Andrew Pearson Late fees and posting fees such as 3-days I totally agree with and are completely necessary. 

The previous company I worked at charged a Month to Month fee that stayed with the company not the property owner and a mandatory fee of $37 for every household that is supposed to give them online aces to pay rent, make work order requests, renters insurance underwritten by an insurance company and other things outlined in the lease and marketing disclosures.  

@Davartay Miller

It was outlined in their management agreement. I think it said something like: The range of profit can be from 0% to 20% of the cost of labor and materials.

I should also clarify I no longer work for this company. I am working as a commercial property manager as I get my own brokerage up an running! 

@Scott M. Such a great idea! Thank you :) 

I have been a property manager for over five years. I am currently starting my own property management and real estate brokerage. My question is for those who currently or have in the past used a property management company. Can you please share with me you likes and dislikes? My current company marks up vendor invoices sometimes up to 20% and charges different fees to the tenants. I would also like to know your opinions on those types of charges. I feel strongly against both charges but would love the perceptive of others.

I am a property manager for a fairly large company. Sometimes it can seem that our systems are "too automated" for some of our clientele. To let them know I am still treating each owner as if they are my only client I want to send out handwritten cards (some actually written by me and some via our robot service.) What kind of card would you as an investor like to receive? I have 7 owners that have not received very much rent this past year. Their tenants are only paying the required 25% of rent for now. I want to send them a card and a Starbucks gift card. Any advise on what to say in these cards? I want it to be super sensitive and tactful.  

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Shafter.

Purchase price: $270,000
Cash invested: $10,000

Under contract with first investment property. Triplex in a fairly rough area.

What made you interested in investing in this type of deal?

As a property manager, managing and turning around this type of property brings me great joy. The challenge is exciting.

How did you finance this deal?

Owner occupied/FHA

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Shafter.

Purchase price: $270,000
Cash invested: $10,000

Triplex

How did you finance this deal?

Owner occupied/FHA