All Forum Posts by: Ron Drake

Sounds like you don't have a very good PM company.

Just curious what others are paying to put a renter in their rental properties?

I have noticed quite a few seem to be paying one months rent is that average?

I manage all my properties in San Diego but the one out of state property is managed by PM company and there is a $500 fee to get a new tenant. House is listed on MLS and craigslist and whoever brings the tenant gets the fee, so not necessarily the PM company.

If your property is managed by a PM company, how much do you pay?

@Edward Wills 

 Interested to hear the details on this.

Is one of your properties not renting? Can the PM company provide info that would make everything clearer?

Not sure about Missouri but the Dept of Revenue Lien could be child support which could be pretty ugly.

@Dion DePaoli Great write up.

Now tell us how you really feel ( :

Oh, and soda? Could have eaten a 3 course meal.

I went to numerous seminars just to see what brand of snake oil they were selling and every time I got one on one with pointed questions, the "Gurus" turned into clams.

@Joe Villeneuve certainly wasn't talking about the whole state of Michigan. In fact color me green with envy on some of those deals you have posted. 

The question as I read it was have you bought a $1,000 house  in the murder capital and made money.

Hey Guy, thanks for chiming in.

The problem with any valuation is knowledge. I have seen lots of people use property in a neighboring zip code for comps. It may be relevant, may not.

In San Diego county to use a comp just over the zip code border in Bonita for a property in National City is not even close to being relevant. Same with using comps in North Park or Burlingame for properties in City Heights or Golden Hills. Only by having experience and knowledge in these areas can you make an accurate determination of value.

 You will go far....

Don't even think about it.