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17 July 2024 | 3 replies
I've heard of a seller acknowledgement form, having a limited power of attorney, nonrefundable deposit, etc.
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19 July 2024 | 12 replies
They'd warn the tenant they are swinging by to take interior photos for the owners and you know the tenant would clean up at least 1x 1/4.
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19 July 2024 | 8 replies
It should also show any security deposit collected, pet fees, cleaning feesetc.3.
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17 July 2024 | 3 replies
For now, I am getting my property management company come over to clean up the unit again.
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18 July 2024 | 7 replies
You're clearly in a position of power so rushing into another deal or renting something you don't want to rent makes no sense.
18 July 2024 | 10 replies
Like do some cleaning job, contacting maintenance people, knowing how to pay water bills etc. these are all the basic work when you become a landlord and you need to know how to manage your property first.
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17 July 2024 | 5 replies
A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.
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20 July 2024 | 59 replies
That often requires replacing or updating some items like outlets, faucets, have furnace cleaned, clean AC coils, new appliances, paint the property, etc.
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17 July 2024 | 6 replies
If you decide you are ready to rely on a professional approach to management (with a stable cleaning team at all times) we are happy to help!
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17 July 2024 | 10 replies
But given our tribe's tendency to skirt the rules and believe in the magical powers of "I will just tell the IRS..." - it's a slippery slope.