Andreas Mathews
How Can I Gain Property Management Experience
10 January 2025 | 4 replies
@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Raiyan Khan
How to go about choosing the right handyman/maintenance/management
19 January 2025 | 1 reply
However, I am unsure on how to go about finding the proper handyman/maintenance guy/management team to help run any out-of-state investments I make.
Asim G.
Extra Tenant Fees charge by Phoenix Property Managers
14 January 2025 | 5 replies
It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.
Jared Fisher
Cleveland Property Manager Recommendations
11 January 2025 | 9 replies
Try interviewing at least three managers.1.
Joshua Lanzieri
Property manager spend $8k over budget
11 January 2025 | 14 replies
Have a frank conversation with the property manager.
Michael Williams
Best Tenant screening/managment app
12 January 2025 | 1 reply
It’s definitely worth exploring if you’re looking for a robust management tool.
Brian Chen
Rentrange vs Rentometer
1 February 2025 | 10 replies
Rentrange uses data from large property management companies just like mine.
Helena Goyvaerts
Investing in Houston - tips & tricks
7 February 2025 | 8 replies
- Property Managers that you would highly recommend?
Grant Shipman
Do you believe that Co-Living investment is the fastest way to financial freedom?
1 February 2025 | 17 replies
I apologize and I appreciate your patience.