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...
Rodney Clark
Best way to Deploy $30-40k Capital
19 May 2024 | 9 replies
Some of these other options you listed are decisions based on how you want to live and how you feel about having strangers in your primary house and aren't something we can tell you to do.
Nash Mittelman
STR Nightmare that most investors would probably overlook...
18 May 2024 | 19 replies
I'm a little mind blown at the fact that they might get 1.4 million for it (300k under market value) due to a guest/stranger who committed suicide, where the owners now have property that has a stigma around it.
Vinnie Dici
Tenant brought over 6 drunk friends at 2 am and let out my cat
18 May 2024 | 10 replies
I wasn't going to mention random strangers in my house to her.
Matthew McDonald
Nice to Meet You - Anyone in Columbia, SC?
17 May 2024 | 19 replies
@Will Gaston is a wealth of information and very prudent/knowledgeable investor, he was just helping me with some lending info yesterday.Don't be a stranger, feel free to reach out.
Stephanie Cortez
W-2 Exit strategy
18 May 2024 | 19 replies
I would caution you to be careful about any feed back from a bunch of strangers on the internet.
Joseph Skoler
Transfer real property from s-corp
20 May 2024 | 28 replies
You want free and accurate tax advice from complete stranger on the internet
Dave Meyer
Is Real Estate Still the Best Asset Class?
14 May 2024 | 164 replies
Buyer beware if anyone thinks it's best to just buy a house, rent your closet to some stranger and bling, free mortgage!.
Kelli Powell
plumber, electrician, handman, cleaners
14 May 2024 | 7 replies
Good contractors are a precious commodity and any investor who has spent years and tens of thousands of dollars on contractors form hell will not feel motivated to share those with a stranger on the internet.
Wilson Hunter
Direct booking website
14 May 2024 | 25 replies
It's far easier to get repeat business from a prior customer than new business from a stranger.