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3 May 2024 | 33 replies
When you fail to manage and learn your business, it will manage you and teach you some rough lessons - as it has in this case.Get it done and over...chalk it up to a lesson learned (once; if you learn it twice, then it's just a 'hard to overcome stupid' thing).
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30 April 2024 | 27 replies
- Broad language excusing PM from any responsibility (including that of anyone they subcontract out to)- Charging the owner additional "convenience fees" if they "fail" to perform according to an agreement (with broad language about what that means)- Making the owner pay for any mediation / attorney fees for both parties (with no cap specified)Specific fee structure: - Management Fee: 10% scheduled rents (up to 3 units); 8% up to 15; 6% up to 35- New tenants placement (not renewals): 50% first month rent- 10% mark-up on all service fees (no receipts required)- 15% mark-up on total cost for any capital expenditures- Flat turnover fee- Flat evictions fee
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30 April 2024 | 22 replies
If someone has failed 2 times, it's likely that they will fail at it a 3rd time.
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29 April 2024 | 23 replies
Or, did failing the inspection cause them to stop paying the rent?
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30 April 2024 | 28 replies
If that vent on the furnace failed before or a zone valve failed it will fail again, have a service contract or have a spare part on hand.
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29 April 2024 | 7 replies
@DJ Brooks, Your sale (with the one failed purchase) would cause a gain to be recognized.
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30 April 2024 | 15 replies
If that fails, then it's the cost of doing business and I would check into Waivo damage insurance right away!
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30 April 2024 | 21 replies
Cause yes I know folks who are trying to do that, but when it's asset backed and it fails-- it's now your problem.
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29 April 2024 | 64 replies
But I know a lot of people who tried on their own like this and have failed and are still failing.
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29 April 2024 | 3 replies
If you identify more than 3 properties that add up to more than 200% of your selling price then you have to buy 90% of them or your exchange fails and you owe all the taxes.