Dwight Henning
Management company recommendations
18 January 2025 | 4 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
Account Closed
"Additional Insured" clause in PM contract
17 January 2025 | 7 replies
Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.
MIchael McCUe
running a blog on my website
19 January 2025 | 4 replies
Patio door prices can depend on the Model of Patio door you are looking for, for a standard 60x80 in white it will cost $1900.00 colors can be added, and for a patio door 72x80 the cost will be $2100.00 Outswing for a 60x80 will cost $2600.00 installed, and for an outswing 72x80 it will cost $2700.00 installed outswing with Grills for a 60x80 costs $1860.00, and an outswing 72x80 will cost $2300.00 installed.You also add blinds to all sliding and outswing patio doors for an additional charge.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Kiryl Ulanovich
Help me please with my wholesale learning
8 January 2025 | 1 reply
When you are pricing out your offers make sure to price in how much you are charging for assignment of contract.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
The borrower gets the benefit of having access to capital fast and the lender gets the benefit of charging a higher interest rate and not having to pay taxes on the profit.
Gary Abrams
PM software or app, to organize for a secondary manager to take over
7 January 2025 | 3 replies
You'll see some familiar names thrown around a lot: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend you search for each app online and see what they offer, how much they charge, etc.
Blair Ross Jr
How to separate utilities?
22 January 2025 | 10 replies
The power company supplied and installed the new meters (at no charge, at least not yet) and verified all the work around the 4 gang meter pan was done up to their standards.
Ethan Gallant
Beginner looking to BRRRR in Canada
24 January 2025 | 5 replies
Hiring someone to do the work will likely cost too much (I would charge a small fortune, it's an incredible amount of work) and doing things as cheaply as possible will bite you in the *** later when you start having issues with your own shoddy work and/or materials.
Cosmo DePinto
Has anyone used Anderson Advisors?
27 January 2025 | 10 replies
Going back to the OP, I'm not sure what fees NY charges for LLCs and how many properties or businesses he has but I think these "asset protection" companies overcharge people.