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14 January 2025 | 7 replies
@Nathan Gesner I appreciate your work maintaining this platform for all of us to enjoy.
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24 January 2025 | 13 replies
Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.
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21 January 2025 | 31 replies
They provide one-on-one assistance from my specially assigned advisor if I need more extensive assistance for an hour a day during zoom, in 15 min interval appts.
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19 January 2025 | 2 replies
This is not one of them from my recollection.I know this does not assist but what I would say is continue to do research on them.
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15 January 2025 | 3 replies
@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.
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20 January 2025 | 2 replies
Basically - I want a PM who keeps the property in good shape and occupied to get paid, and a PM who is either bad at maintaining properties and finding good tenants, or just really unlucky, to not get paid.- PM charges 8% of rent, which escalates to 10% if the property exceeds 95% occupancy with rent collection. - PM charges minimal fees.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.
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17 January 2025 | 24 replies
To assist businesses in adopting 401k plans, TPAs and other plan service providers "license" use of IRS pre-approved plan documents to their clients.
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26 January 2025 | 2 replies
Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.
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7 February 2025 | 9 replies
I've actually had an investor give two of the properties back to me after religiously making his payments for 3 years on time but got a set of bad tenants and could not maintain the rentals.
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28 January 2025 | 1 reply
I suspect there would be massive blow back if the feds attempt to lower sec 8 rental assistance.