17 October 2024 | 6 replies
What is the typical cost and who pays the fees?
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17 October 2024 | 12 replies
If you move out early, the landlord can charge a fee even if you find an acceptable replacement tenant.
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17 October 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.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?
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20 October 2024 | 6 replies
You may pay your servicer a small fee for title search and property valuation (some do full appraisals which can be $450-$600).
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19 October 2024 | 7 replies
Maybe ill have better luck trying to ask specifics with the group.On my sheet total project cost is calculated by adding Closing costs + Repairs + Holding Costs + Loan amount + Hard money fees.
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19 October 2024 | 6 replies
Also, some cities have fees while others don’t.
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18 October 2024 | 7 replies
Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.
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17 October 2024 | 19 replies
A tenant who fails to maintain a rental property could end up costing you more in property damage and court fees than the amount of rent they're paying you upfront.
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24 October 2024 | 36 replies
That would allow you to reach more audience and you can save some money with the OTA fees.
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17 October 2024 | 20 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?