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Results (10,000+)
Leonard La Rocca III Conventional Lending Out of State
12 February 2025 | 7 replies
Yes BofA is all over the country but if you go to your local branch it's pretty likely that loan officer and/or office wouldn't be licensed to operate in another state. 
Francis A. California isn’t the only place where insurers are dropping homeowners
20 February 2025 | 10 replies
We're going to see insurance rates climb for quite a while.
Jenn Kabahit Needs more work than led on
8 February 2025 | 10 replies
I’ve never had a realtor go over one of my inspection reports with me.
Chani Walker PM Fees - Too Much or Normal?
26 February 2025 | 13 replies
Management & Leasing FeesManagement Fee: 10% of the monthly rent = $180/monthLeasing Fee (Tenant Placement): 60% of one month’s rent = $1,080 (one-time)Lease Renewal Fee: $250 per lease renewalUpfront & Annual FeesOnboarding Fee: $350 (one-time for setting up the property)Annual Administrative Fee: $45 per year (for statements and 1099s)Reserve Fund Requirement: $300 (held for maintenance and expenses)Maintenance & RepairsOrdinary Maintenance: Any repair costs exceeding $300 require owner approval.Emergency Repairs: Up to $300 without prior approval; HVAC, plumbing, and electrical repairs can go up to $500 without approval.Home Warranty Claim Handling: $40 per claim (if applicable).Multiple Quotes Request Fee: $100 per request if you require multiple vendor quotes.HVAC Filter Supply Fee: $195 per year per HVAC unit.Repairs & Improvements: 10% markup over vendor invoice cost.Additional FeesInterest on Unpaid Sums: 10% late fee with a $39 minimum per month.Paper Check Administrative Fee: $20 per check if not using direct deposit.Insurance Documentation Penalty: $40 per month if proof of insurance is not provided.Eviction Protection Program (Optional): $15/monthProperty Damage Protection Program (Optional): $25/monthTermination FeesEarly Termination Fee: Equal to the management fees for the remaining lease term.Vacant Property Termination Fee: $500 if no tenant is in place.Transfer to Another Manager: $500 file transfer fee. 
Angela Simon 1031 & ADU Build
13 February 2025 | 7 replies
(But not for a “I’m going to live in it 50 weeks out of the year and rent it out two weeks”, IMHO, if that was your idea.  
Seb Ko Remitting hotel tax for direct STR stays
9 February 2025 | 3 replies
I just do all my bookings over airbnb, its too risky to go direct as the guests aren't covered by airbnb insurance.
Srini Rajamani Midlife Newbie - Just recently discovered Biggerpockets
25 February 2025 | 14 replies
Quote from @Srini Rajamani: @Jared Smith  At this point, I feel I'd like to explore other business ideas I have (including real estate) before going back to tech. 
Khaled Seirafi Introduction - new to investing in Phoenix
14 February 2025 | 15 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Austin Tess Finance Question for Rookie
14 February 2025 | 7 replies
Timelines, budgets, quality of finishes, they all need to go well for your exit and if your in bed with a GC that only cares about himself then all those things will not go right for you, but he'll still get his money.People really underestimate the following:1) The cash they need to close and carry the project2) How hard it is to have a GC stick to what they promise3) How long it may take to exit through a sale
Nancy Moustafa Back on Bigger Pockets Post Covid
20 February 2025 | 5 replies
As far as markets go, there are tons of options, what are your goals?