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20 February 2025 | 16 replies
Sounds like we are in the same boat with a handyman :) And to @Jonathan Klemm point, I have to weigh the mental capacity of handling issues remote versus spending time with family.
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17 February 2025 | 5 replies
Talk with these folks and have them address handling the above.
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9 February 2025 | 2 replies
He has a staff of 3 or 4 assistants to handle the details, and his break even every month is $30K.
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21 February 2025 | 17 replies
If you feel that youre equipped to handle this, go for it; if youre not sure, then start with baby steps.
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31 January 2025 | 10 replies
Is there a point of contact person/business that handles all home investor concerns (general contractor, engineer, etc.)
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9 February 2025 | 7 replies
Is this an unreasonable request of my property management company, or should I expect them to be able to handle this with my rental's neighbor?
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30 January 2025 | 7 replies
Quote from @Jaycee Greene: @Basit Siddiqi How about I suggest 5a: Do what 5) says but add to it, "hire a Fractional CFO to handle most of this"?
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20 February 2025 | 3 replies
I think the VAST majority of successful evictions are for failure to pay and those evictions should cookie cutter and simple to handle for the most part.
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20 February 2025 | 6 replies
I've been facilitating exchanges as a QI for a long time and the two options above are how we handle the situation.
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20 February 2025 | 8 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.