Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Skyler Lehman Property management Pricing
22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
Ariel Tobi Is it normal that PM gets 13% of all repairs and rehab?
22 May 2024 | 30 replies
If you're not willing to pay that, do us all a favor and DIY manage.
Kristen Haynes 6 Updates To Make To A Kitchen That Won't Break The Bank
21 May 2024 | 1 reply
While you’re at it, replace your hardware, too.Add a DIY range hoodA pretty range hood can make quite a statement, and for a fraction of the cost and a little effort, you can transform your space with your own DIY range hood.
Alison S Quitclaim deed uninsured title question
22 May 2024 | 4 replies
Its a simple form that basically says they have been paid and have no further interest in the property. 
Chrissy Gray Removing Interest of 1 Partner in Raw Land Partnership
22 May 2024 | 9 replies
But the situation may just be too complicated for simple answers.
Dave Kush Do not call list
22 May 2024 | 3 replies
When the contact says they are on the DNC list, most just simply apologize and say they found their number via a simple Google search. 
Darrene Hurr Wholesaling in Boston MA
22 May 2024 | 7 replies
These are just a few simple ideas for you to get started.  
Jon Young New RE Investor in DFW
22 May 2024 | 9 replies
We do other items as well, or can help answer simple questions if you'd like. 
Travis Andres Best overall PMS - guest communication/guides
22 May 2024 | 17 replies
I love IGMS. very simple easy software to use and always improving. super competitive rates on it as well
Tara Montgomery Portfolio Lender Inquiry
22 May 2024 | 6 replies
Sometimes a few simple tweaks can improve your score a lot and get you where you need to be.