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6 January 2025 | 12 replies
Property manager (PM) 's lawyer continued the case to get the unpaid rent from the tenant.PMA between landlord and property manager(PM) has also expired so landlord got the property back , but when landlord requested to settle the account and the deposit( there is one month deposit from landlord also), PM refuses since the lawsuit is going on with the tenant, Additionally PM is still charging the monthly property management fees from landlord even though landlord is managing the property.Landlord is done dealing with PM and requested the PM to withdraw the lawsuit against the tenant ( landlord is aware that he will loose 2 months rent), PM came back saying they cannot withdraw the lawsuit since that will violate fair housing law.QUESTION:Does withdrawing unpaid rent case against the tenant violate fair housing law ?
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4 January 2025 | 4 replies
Also, for flips, I like to reserve an additional 15-20% in contingency for unforeseen conditions or changes.
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28 December 2024 | 1 reply
This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.
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23 December 2024 | 34 replies
In addition, if i used fixed rate financing, my biggest expense is fixed.
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13 January 2025 | 15 replies
In addition to this, I've had 2 clients this past year tell me they used Airdna in '22 and '23 to see projected and estimated income and was drastically different than actual income made with very comparable properties.
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16 January 2025 | 26 replies
Unless you are planning on investing in your back yard and have extra time to spend, getting a good PM is very important.
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3 January 2025 | 5 replies
On the positive side, it seems like you have a good potential BRRRR that you can use to purchase additional properties.
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9 January 2025 | 13 replies
Continue with a viewing, additional questions, get applications, run ALL checks, and then make a decision.By being very clear about requirements, you will catch most early in the process and can let them know.
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6 January 2025 | 7 replies
If you ever want to discuss strategies, share experiences, or need additional resources, feel free to reach out.
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17 January 2025 | 23 replies
Additionally, when a problem arises, those problems get addressed and all parties involved are updated.Being a property manager is a hands-on / high touch vertical.