Don White
Property Manager in the Houston, Texas area needed
4 August 2024 | 15 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
Charlice Arnold
Let's Talk Partnerships: Your Experiences and Benefits in Real Estate Ventures
2 August 2024 | 1 reply
In a “nutshell”What can work - partnerships where each person brings a different necessary asset (knowledge, experience, time, capital, credit) to the table, the responsibilities, rewards, and expectations are clearly spelled out, legal documents are created to head off disagreements, and the parties are compatible.What doesn’t work - partnerships formed by two or more inexperienced people looking for “comfort” rather than going it alone, and anything other than the above.
Mindy Nicol
Handling extra guests & parties
2 August 2024 | 7 replies
Once I had their agreement I called the guest who refused to answer, so I called the cabin phone and let it ring for like 2 minutes until someone finally answered.I explained they knew the house rules, they signed my digital rental agreement that clearly spells out max occupancy and they signed up in the OTA with 7 guests, but only listed 6 people on the digital RA.
Mike Wells
Astonished at my tax services bill!
3 August 2024 | 28 replies
When dealing with service providers, you can easily be shocked if you did not discuss pricing upfront, and even if you did you could easily be shocked - LOL.What you needed was a letter of engagement spelling out the fees that will or may be incurred - in detail.
Krishna Surendra
Seeking Recommendations for Property Management Companies in St. Louis
30 July 2024 | 4 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
Gaya Ben Simon
first fix & flip project
30 July 2024 | 11 replies
Also spell out as much detail as possible in your scope of work with the contractor, you cannot assume that they are thinking the same thing as you when it comes to finishes and material choices.
Belinda Stoner
Deposit back to tenant who’s leaving early?
28 July 2024 | 6 replies
This should also be spelled out in your lease, which, after this situation, you will likely want to update with more specificity to address this type of scenario.
Martina Pollard
Seeking Advice on Purchasing Our Duplex & Investment Strategies
29 July 2024 | 3 replies
Your lease is a very important document and it should spell out a lot of rights - both for you, as well as your tenant.
Albert Johnson
Tenants not getting along
25 July 2024 | 2 replies
Hopefully you have a lease that you can point to that spells out things like "quiet enjoyment" and no unauthorized persons living at the property for more than 2 weeks, for example.
Kurt Beadling
What is a fair acquisition % fee in this scenario?
24 July 2024 | 3 replies
Nah, please don't bring up 'you owe me' AFTER the deal is done.Next time, all this stuff should be spelled out in the agreement to form an LLC, or shared in the LLC percentages of ownership/partnership.Good luck.