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16 November 2024 | 4 replies
Option Fee, Security Deposit, etc) can you do it with no money out of pocket?
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18 November 2024 | 14 replies
I do it's sitting right in front of me.Try going to REOMAC they are not going to charge you thousands of $$$ for it.Unfortunatly last time I checked they are only accepting "servicers" memberships now.What if I said send me your resume and I'll send it to all my AM's, would you be willing to send me a referral fee on the listing you close that came from my efforts?
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16 November 2024 | 3 replies
The hard thing to do is identify, value, analyze, negotiate and place under contract a “deal” meeting wholesalers minimum requirements that also has room for a decent “wholesalers” fee.
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21 November 2024 | 14 replies
Right now I am paying about $6000 to $8000 to have 20 soil borings taken to a depth of 20 feet.The permit fees you are asking about are relatively cheap.
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18 November 2024 | 14 replies
I am estimating at least $50,000 between furnishing it and updating.How does this look:$1.3 million with 20% down DSCR loan buy-down the rate from 9% to 8% 30 year = $9,332 (principal/interest/tax).Utilities - $750Income - Was thinking $250 per day but let's say $225 per day for each unit (30 days) just looked at AirBNB and AirDNA in area = $13,500 (.20 vacancy) = $10,800.I would manage it, but still need to think of cleaning fees.
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20 November 2024 | 18 replies
We have lots of automated processes - All online rent collections, inquiries, signature requests, and late fees.
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15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...
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15 November 2024 | 13 replies
They collect the rent, deduct their fee and any other expenses they are allowed/required to pay on your behalf, then they distribute the remaining funds to you.It's critical that you review the property management agreement and understand what you agreed to.
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15 November 2024 | 1 reply
Do they charge any fees in addition to their asking price for properties?
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16 November 2024 | 6 replies
Keycheck charges a yearly fee the last time I checked (2 years ago, or so).