All Forum Posts by: Sophia Bahena

It’s per property

wondering if the following charges are reasonable:

-$250 initial setup fee

-15% monthly PM fee

-10% repair markup

-$300 flat rate for evictions if needed

Hi everyone, for typical longterm property management a lease out fee is usually half a month to a month that the PM gets to keep once they lease out the vacant property, how does this translate in the midterm property management...say when renting a house to traveling nurses that would stay 3 to 6 months at a time. Should a property management company be charging any sort of leasing fee? TIA

@Don-Carlos Moniz would it be too much trouble to ask to send those contractors details my way as well? Thanks in advance!

Hi all, looking for a contractor for a rehab job in Greenville, NC.

Thanks!

Hello Nathan, thank you for answering as always :)

The problem is we do not have it spelt in the agreement and now that we are faced with a tenant with a pet, the question came up. I know that it is up to whatever the pM and owner agree on but my colleague and i cannot seem to agree. I personally think that it should go to the owner since they will be the one paying for any damages caused by the pet which is what the fee is for while she believe that the fee is just for the privilege of being able to keep a dog on the property, any damages should be taken out of the security deposit and / or covered by renters insurance.

If PM does indeed end up keeping the fee i would like to have a strong enough argument to present to the owners. 

For a one time non-refundable pet fee charge, who should keep that fee? Property Manager or owner? 

Thank you all for the feedback, very helpful. I will pick up the phone and call some banks / brokers :) 

Hi everyone! What would be the typical / safe to assume max LTV offered on an investment property in NC? TIA

Thank you all for your replies, much appreciated!