Walter Pineda
Your Property Management suggestion for Memphis, TN Please.
24 January 2025 | 12 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
Drew Sygit
A Logical Way to Understand & Monitor Your PMC's Maintenance Charges!
26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
Kevin Chandler
Hartford, New Britain or New Haven?
2 February 2025 | 22 replies
I have my first property under contract in that area.Thank you for the feedback Renita.
Eyal Goren
Is Subto legal?
14 January 2025 | 23 replies
Now, getting around the Due on Sale might be as easy as doing a Contract for Deed or a Purchase Option instead of Sub-to.
Kyle McVay
Looking for Property Management Rec.'s
20 January 2025 | 5 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
Anil Shah
Using Agent Commission towards down payment for my own Investment Property
24 January 2025 | 10 replies
Now with the NAR settlement, all buyer commissions are negotiable in the contract.
Nicole Gauthier
Is Furnished Finder worth it in Urban areas?
29 January 2025 | 10 replies
That would be glorious...lol quite honestly to get a longer contract and have them turn into longer term tenants provided they are good of course.
Tanner King
Analyzing a House Hack (First time buyer)
6 January 2025 | 13 replies
Don't over think this, pull the trigger actions create results.
Kris Lou
PM Fees in Indy
30 January 2025 | 6 replies
3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.
Rushi Shah
Equity vs Cashflow
3 February 2025 | 5 replies
The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.