All Forum Posts by: Scott Babcock

Whether you're a real estate broker or investor in the greater Seattle area, when the time comes to sell or lease out your property you want to present it in the best possible way to generate the most leads. I'm a photographer who is passionate about shooting architecture and real estate and want to help you succeed in getting top dollar. Learn more about my services or contact me.

sorry, I didn't mean to misspell you name, @Zac P. ;)

Hey Zach, have you checked out J Scott's books yet? He has one on estimating rehab costs. Search for it here on BP!

-Scott 

@Bryant Hull Really good point about visiting the area and meeting the staff. 

@Eva Salas Sounds good on getting the good PM, like Bryant also says. I like your point about families in SFR, especially the less-turnover possibilities.

THANKS!

Nice tip, @Dave Visaya. Thanks!

@Brett Russell Thanks, Brett!

You're out by Ann Arbor? How's that market or are you looking closer to Detroit? Is there much action west of Ann Arbor?

My in-laws are just outside of Detroit in GP. Every time I visit I think about buy-and-holds in that area. One of these days, maybe... ;)

Thanks, James, just thinking about longer distance investments where a PM would be mandatory and how the expense could impact CF. If you're paying 10 percent per month and turn a tenant every year, that can add up. It's near 20 percent of gross rent, if I'm calculating right. 

Thanks, James,  but if they aren't in the thread you want to get their attention to the thread?

@James Wise Yes, what you say makes sense. Small fries don't make waves! One month's rent is just a one-time initial fee and then the percentage every month after that?

@Account Closed I can see 10 but 15 is starting to get expensive, no? What would you expect for paying that amount? I guess it is what it is, depending on the market, so maybe 15 percent just gets you what 10 does elsewhere?

Should I expect to pay 10 percent for PM? If you use a PM company for multiple properties are you getting a break at some point? Like 3 SFH? 5? More?

Are there any red flags to watch out for when screening?

Thanks for your advice.