Jason Dubon
Small Multifamily - Maintenance/Expense Project
5 January 2025 | 7 replies
Typically, we see anywhere from $600 to over $1000 per unit (maintenance and turn costs) depending on these factors.
Alissa Schmitz
Has anyone tried TurboTenant's maintenance program Lula?
31 December 2024 | 8 replies
Understand that they are doing this to make a profit, so it will be more expensive than coordinating maintenance yourself.It may be a decent program for a DIY owner that wants to just outsource maintenance, but you will have the same maintenance issues with this company that you would with a PMC:1) Higher costs2) Admins answering the phones & assigning work, that just know the basics about maintenance.
Chris Lin
5 Years with REI Nation: Convenience Over Cash Flow
1 February 2025 | 2 replies
Given how chaotic that period was, their response was reassuring.Truly Hands-Off Experience:Their white-glove service does deliver on the “hands off” promise.
Don Konipol
Passive Investor Strategies vs Active Investor Strategies
24 January 2025 | 3 replies
Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.
Peter H Derry
Buyer's Guide: Purchasing Property for Your College Student
23 January 2025 | 0 replies
Condo: Condos may offer maintenance benefits, while homes provide more control.Size and Layout: Ensure the property accommodates your child’s needs and potential roommates.HOA Fees and Rules: If considering a condo, check for restrictions that may impact student living.4.
Patrick Jaraique
Florida property management
29 January 2025 | 2 replies
Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.
Kyle Lipko
Excited to Learn and Grow in Real Estate Investing!
31 January 2025 | 6 replies
@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Donyea Jenkins
DSCR Loan Question
30 January 2025 | 14 replies
As others have mentioned, DSCR loans are generally for turnkey rentals (although outdated rentals may still qualify depending on the level of deferred maintenance).
Josh Smith
HOA management in Pigeon Forge
31 January 2025 | 2 replies
Both cabins have been in service a little over a year and are professionally managed.
Gutta Bunni
Saint Louis Missouri property miner and managers
29 January 2025 | 3 replies
@Gutta Bunni are you advertising your management services?