Paul Passafiume
Anyone tried Ziprent or remote property managers??
3 November 2024 | 8 replies
Hi Paul,I'm one of the founders and wanted to thank for you for considering Ziprent.To clarify, our tenant placement fee is $1,250 and property management fee is a flat $125/mo.We utilize a secure, on-demand showing process that doesn't require an an agent.
Brian Dolbeare
New member - getting back to investing
31 October 2024 | 12 replies
You might uncover some hidden gems with solid cash flow potential.
Kayla Shock
Landlord wants to terminate lease early
4 November 2024 | 6 replies
When a tenant wants to break the lease, we charge them a lease break fee.
Glen Michael
Owner onboarding requirement to provide financial documentation
3 November 2024 | 8 replies
@Glen Michael we charge an onboarding fee to owners, which they ALWAYS complain about, but they don't want to undertand why it's so important.We use the funds to check:1) Ownership: we verify property is actually properly deeded to their name, LLC, etc. - We've found issues where owners was NOT on the deed and was scammed- We've also had to patiently explain to owners that since an LLC owned the property, that the management contract had to be in the LLC name and we needed proof they could sign for the LLC.2) Property Taxes: we make sure we know the status, to avoid tax foreclosure issues.- Took over several properties for an out-of-country owner last year that we're in the midst of tax foreclosure.
Matthew Schulz
Freeport/Northern IL Duplex Market Insight
4 November 2024 | 4 replies
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?
Tiffany Makiya
Rent to Price Ratio
2 November 2024 | 2 replies
Let me demonstrate why you should not rely on this approach.Suppose you want to compare two properties.Property A:Rent: $1,800/MoPrice: $300,000Taxes: $2,000/YrInsurance: $1,500/YrAssoc Fee: $250/MoProperty B:Rent: $1,600/MoPrice: $300,000Taxes: $800/YrInsurance: $600/YrAssoc Fee: $35/MoCalculating the rent price ratio for both propertiesProperty A: $1,800 x 12 / $300,000 = 7.2%Property B: $1,600 x 12 / $300,000 = 6.4%So, Property A is the better property!
Rene Hosman
I can easily and consistently track my rental property cash flow each month.
5 November 2024 | 29 replies
Still stuck at the 2015 version because I own that license, and I refuse to do the annual subscription - especially given that the annual fee is close to what a lifetime license used to cost.
Raquel Brown
23k to refi??!!!!!
1 November 2024 | 17 replies
Loan amount is 283,500 for the two properties, origination fees are around $4,300.
Nathaniel Williams
Any recommendations on Michigan Property Management
3 November 2024 | 5 replies
The city is very open to this setup, with a clear permit process: $500 initially, plus a $100 inspection fee.
Kurt Traynor
HELoC advise, is this good?
1 November 2024 | 7 replies
The fees are high, and the rate might be a little high.