All Forum Posts by: Todd Krzeminski

 I'd recommend talking to Norada. I've used them and the experience was great.

An insurance policy certainly doesn't protect you 100%. An LLC will if you follow the proper corporate formalities. Why not have both?

So now I have a new situation. My PM just rented out one of the properties. On this month's statement, they're taking the first month's rent as the turnover fee, as expected. But it addition, they're taking the 8% monthly PM fee. I would never expect to pay the PM fee on top of the turnover fee -- sounds like double dipping.

@Account Closed

I like your approach. That's the way I'll handle it. Thanks for the input!

The tenant at one of my properties is asking to get out of the lease 1 month early because they are closing on a new house. The lease expires 5/31, so I do have some time. 

Should I honor the request, or stand my ground? I'll have the turnover regardless, so I'm not sure if there's a lot of benefit to holding firm. It just gives me less time to market. Is there some concession I should ask of the tenant if I do allow it?

 Well that's not my experience. Wouldn't be able to get a convention loan with those markups unless you came out of pocket.

 Where are you coming up with those metrics? 

So I called them on it, and I was told it was in error. 

@Sam R. I've already been shopping for a new PM. This is just additional ammo and makes the decision easier. Thanks!

I have two properties that are currently vacant. My property manager is still charging me the PM fee, which was a surprise. 10% of zero rent is zero. The management agreement does say 10% or rent or $75 whichever is greater, but I think it's unreasonable. They are already getting first month's rent for filling the tenant, why should I be paying them for not doing their job getting it tenanted?

Am I overreacting -- is this typical?