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6 July 2024 | 12 replies
Based on my experience working with real estate investors and property managers, here are some common arrangements for local handymen and maintenance personnel for short-term rentals:On-call basis:Pay a set fee per call-out (e.g., $50-$100 per visit)Hourly rate for time spent on-site (typically $50-$100/hour)Additional charges for parts or materials usedRetainer agreement:Monthly flat fee (e.g., $200-$500) for basic availabilityAdditional charges for actual work performed beyond a set number of hours or visitsPer-task pricing:Agree on set prices for common tasks (e.g., $75 to unclog a drain, $50 to replace a lockbox)I like the per-task pricing as long as your maintenance calls aren't super frequent.I'm also a hard money lender if you're looking at a new deal to get quotes on soon or if you're looking to refinance a property soon!
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7 July 2024 | 11 replies
Find someone who knows the ropes to help you and steer clear of common mistakes.
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7 July 2024 | 11 replies
Software is a common question on BiggerPockets.
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7 July 2024 | 89 replies
Door count is the worst (commonly discussed) metric in the real estate investing community.
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6 July 2024 | 8 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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6 July 2024 | 14 replies
For example, Crestview Commons is offering 150% and 1 and half month free rent.
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5 July 2024 | 2 replies
(meaning marketing and asking sellers if one or the other makes more sense) Also curious the most common assignment types Thank you!
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6 July 2024 | 21 replies
If so, you have nothing at risk and you can request your EMD back and just walk away. 2) ask your realtor what the common discount is in your area for fire damaged homes if any.
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7 July 2024 | 27 replies
PLEASE NOTE: For purposes of determining the VA guaranty, lenders are instructed to reference only the One-Unit Limit column in the FHFA Table “Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar year 2016 and Originated after 10/1/2011 or before 7/1/2007”.Maximum Guaranty Loan Limits for February 28, 2014 to December 31, 2014 Maximum Guaranty Loan Limits for January 1, 2014 to February 27, 2014 2013 Loan Limits Maximum Guaranty Limits for August 6, 2012 to December 31, 2012 Maximum Guaranty Limits for January 1, 2012 to August 5, 2012 Maximum Guaranty Limits - October 1, 2011 through December 31, 2011 2011 Loan Limits 2010 Loan Limits 2009 Loan Limits 2008 Loan Limits Guaranty Calculation Examples - Review these common situations to see how a VA-guaranteed loan limit is calculatedRemaining EntitlementVeterans who had a VA loan before may still have "remaining entitlement" to use for another VA loan.
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5 July 2024 | 2 replies
Is there a commonly accepted minimum?