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17 December 2024 | 8 replies
But I have the tenant pay the broker fee & in my lease I ask them within 90 days if they want to stay for another year and give them 15 days to respond so I have 75 days to rent out the property to avoid vacancy.4.
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16 December 2024 | 7 replies
We too had a contract for a SFR in Ocala and are now out our deposit as well as attorney fees.
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14 December 2024 | 12 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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21 December 2024 | 20 replies
I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).
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18 December 2024 | 12 replies
Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.
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20 December 2024 | 10 replies
Initially after management fees, repairs and PMI i was losing about $250 per month.
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20 December 2024 | 19 replies
I got my license and paid fees for a year then put it on hold.
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11 December 2024 | 11 replies
If one of those people doesn't pay or they move out, you're taking a hefty hit on your cash flow for sure.
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18 December 2024 | 20 replies
Is there anyone that offers a service or fee to stand in for you at an auction if you are out of state and can't make it there at that time?
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18 December 2024 | 24 replies
Compare that to Vegas, where rules can be restrictive and condo-hotels often come with sky-high fees or limits on how you can use your property.