Rafael Valdor
Are there red flags in PM agreement?
20 January 2025 | 2 replies
Basically - I want a PM who keeps the property in good shape and occupied to get paid, and a PM who is either bad at maintaining properties and finding good tenants, or just really unlucky, to not get paid.- PM charges 8% of rent, which escalates to 10% if the property exceeds 95% occupancy with rent collection. - PM charges minimal fees.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.
Dyllon G.
Rent Guarantee Insurance
7 February 2025 | 7 replies
I am looking into a company right now that does rent guarantee insurance and also does in lieu of deposit will issue a bond that the tenant basically gets charged a monthly fee for.
Sidney Duquette
Strategies for High Equity Growth Properties: Risk Mitigation, Value-Add, Cash Flow
20 January 2025 | 7 replies
Flipping it will take time if you have to sell.Plus a home like that doesn't lend itself to a LTR unless there is a demand for high end rentals.What I would like to see is some examples of what you are looking at along with basic numbers you have run so far.
Kaushik Sarkar
Scaling your portfolio
26 January 2025 | 2 replies
I'm seeing new neighbors of basically identical houses with maybe 50 or more investors in the community.
Vanessa Lozano
New Member from San Antonio, Texas - Looking to start my real estate journey
21 January 2025 | 16 replies
Going to the Rainforest Cafe on the riverwalk as a kid is a core memory for me lol.Good luck on your investment journey!
Kavya Veerapaneni
Moving to Danbury, CT – Seeking Advice on House Hacking and Local Strategies
1 February 2025 | 9 replies
However college kids or young professionals will most likely not care.In Danbury you have to look out for hidden gems.
Sarp Ka
Cheapest way to make a cash offer???
22 January 2025 | 14 replies
So I'm basically trying to explore if i can borrow money in an alternative way than conventional loan.
Jonathan Abrado
Pace Morby Gator Method Course Review
25 January 2025 | 155 replies
It's just a biproduct of basic human interaction.
Jessica Pratt
Tax free income from rentals
5 February 2025 | 5 replies
So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000.
Anna Nickens
Advice for a Newbie
23 January 2025 | 5 replies
It will familiarize you with the basic terminology and benefits.