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24 September 2024 | 27 replies
But it's kind of a hidden gem and not advertised very much idk why, hopefully that's helpful for you, happy listening!
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24 September 2024 | 4 replies
@Andy Johnson most PMCs have an Operating account that all rental income is deposited in.All Portfolio and Property expenses are paid from this account, as well as owner draws.PMC's also have a Management account, that they transfer their management fees to (from the Operating account) and pay all company expenses from.Third account is to hold Security Deposits (SD) according to your state laws.
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30 September 2024 | 46 replies
I.e. there is no way to study multiple cities for one fee, correct?
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22 September 2024 | 13 replies
I charge a leasing fee every time I place a new tenant, but I waive that leasing fee if I take more than 21 days to find a tenant.
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24 September 2024 | 49 replies
You cannot charge one dime more nor a "pet fee" because service animals are NOT pets.If the applicant wants special features such as a wheel chair ramp, etc they MUST install that at THEIR expense and you can require them to bring the property back to its original configuration at the end of the lease at THEIR expense.
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23 September 2024 | 12 replies
Keep in mind you will also have to pay transfer taxes based on the properties assessed value, even if the property is transferred from your name to an LLC for a nominal amount + incur deed prep and recording fees.
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24 September 2024 | 1 reply
AirBnB, Vrbo, etc want to make it seemless for renters to stay with you (for a fee).
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24 September 2024 | 1 reply
Washington offered to trade his surveying fees for those parcels he considered ripe for development, and utilized any money he earned to do the same.
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23 September 2024 | 7 replies
Do you have any recommendations for lenders with low or no origination fees?
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23 September 2024 | 1 reply
Plus, association fees can be very expensive.