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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?
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16 October 2024 | 16 replies
As an investor/agent, am I legally able to pay a bird dog a flat fee or a percentage out of my profits ?
17 October 2024 | 15 replies
With that said they are quoting me $250/hour to consult in tax planning services in addition to the tax preparation fees.
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17 October 2024 | 8 replies
Many charge fees all over the place.
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17 October 2024 | 10 replies
Because of this, they have changed their fee structure on me two times in the past two years2) They don't have back up cleaners so when the cleaner can't clean, they block off my calendar3) They do not have easily legible financial statements and do not provide 1099s 4) They have made decisions that have required my money without consent5) They block off check-ins on Sundays6) They are not great with technology - though they try to use hostfully to list on many platforms, I will frequently see that my listing is not up on VRBO for example.
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20 October 2024 | 84 replies
They are at 7 and 9 years so far.)My PM pays for themselves in too many ways…I don’t face any fair housing violations because I’m not keeping up on monthly changes local, state and federalThey take care of advertising, showing, rent collection, charging late fees.
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18 October 2024 | 6 replies
The $10k was put onto a credit card so in essence they spent $10K in asset protection fees to create a liability.
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11 October 2024 | 2 replies
You can use it for free, but if you buy a subscription, there is no ACH processing fee.
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17 October 2024 | 7 replies
A couple of thoughts specific to condo investing:1) Be sure to include the condo fees into your cashflow analysis, and budget for potential assessments as projected capital expenses2) Make sure the condo association is solvent - a good litmus test is whether or not the units are approved for FHA financing3) Make sure the condo association rules/regs allow for rentalsGood luck!
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16 October 2024 | 13 replies
Property tax, occupancy tax, personal property tax, business tax, permit/inspection fees, higher than standard utility fees, ever-increasing fees by the platforms.