Ariel Tobi
Is it normal that PM gets 13% of all repairs and rehab?
22 May 2024 | 30 replies
Here's a PARTIAL list:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Payroll & payroll taxesBusiness income tax preparation and paymentsLabor: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why taking so long, and more & more & more...
Kyle Doney
Contractors Charging Fees to Pull Permits
21 May 2024 | 33 replies
If I registered with every one of them, I'd spend $12-15K/year just in contractor registration fees.
Alyssa K.
Cozy allowed payment reversal that withdrew previously paid rent
22 May 2024 | 90 replies
I provided email communications between the client & myself, screenshots of the prior 3 years hosting, screenshots of the Domain Registration in the clients name, & the website being online. 15 days later, they pulled the funds, 30 days later, they closed the investigation.
Stefan Fabry
I Want To Start An LLC in MA - What's the most cost effective way?
15 May 2024 | 5 replies
You then file the annual report each year and continue to fork over another $500 annually.Next "cheapest" will be legal zoom or a similar service, I believe they'll help roll the registration with the state into the start up package.I use "cheapest" in quotes - the primary purpose of an LLC is typically to provide some level of asset protection.
Bailey Keefer
Quick question for New Jersey landlords (identity registration forms)
13 May 2024 | 1 reply
I am filling out the landlord identity registration form required in NJ, and I am not living in the same county as the property.
Nina Zou
Can I ask my applicants to disclose service dog if they have one?
16 May 2024 | 10 replies
Always ask for proof.I am a disabled 100% veteran, I got my FREE registration online.
Nathan Harden
City Code Inspectors
15 May 2024 | 22 replies
My PM sent a check to the city of canton for $240 for rental registration.
Vince Craig
The Power Of Seller Financing
11 May 2024 | 53 replies
Alonzo, Here is the the registration link. https://us06web.zoom.us/meeting/register/tZIuceipqj8oGdcpt30...
Brandon Morgan
buying rental properties in Pennsylvania
9 May 2024 | 13 replies
Ask price off market: $250K, No HOA, rents approx: $1900-2100/month, RE taxes approx : 7400/year, Property insurance : $1200/year, Misc fees trash,rent registration etc : $400 / yearEvaluate this and let me know your thoughts.
Michael Miles
LLC's for your properties?
10 May 2024 | 4 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).