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23 January 2025 | 10 replies
The fix/flip might be a good way to get such a relationship started: usually has lower cash out of pocket requirements and you can sell the property faster to recoup the capital invested, plus any profits.
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5 February 2025 | 5 replies
Many out-of-state investors make big mistakes that cost them far more than a property manager would charge.
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4 February 2025 | 7 replies
Home warranty programs charge a trip fee every time you file a claim, and they use that fee to compensate the vendor.
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10 February 2025 | 22 replies
As a PMC, we allow tenants to:1) Mail in rent (we charge a Processing Fee)2) Deposit at our bank (we charge a Processing Fee, but less than the mailing one)3) Use Zelle, Venmo, etc.
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4 February 2025 | 5 replies
That is why it is hard to get regular real estate loans on assets valued so low, the cost of the refinance makes it so you are paying higher than they can legally charge you percentage wise.
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29 January 2025 | 2 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.
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13 January 2025 | 12 replies
Quote from @Karen Smith: With more investors turning to private money lenders for faster funding, what benefits have you seen from using private financing versus traditional bank loans?
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17 January 2025 | 19 replies
Nothing will piss off the inspector faster than missing an inspection.My last piece of advice, in an effort to not make this a book length post, deals with the money.
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22 January 2025 | 4 replies
I am particularly concened about the water meters not being hooked up and potential charges there.
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21 January 2025 | 8 replies
Sometimes teaming up with another investor can help you scale up faster.