M Edouard
Real estate agent only sends me a limited selection of houses
21 May 2024 | 12 replies
It's important to communicate your concerns with the agent and if you feel uncomfortable or suspect any unethical behavior, it may be best to consider finding a different real estate agent to work with.
Skyler Lehman
Property management Pricing
22 May 2024 | 19 replies
I charge 10% of the monthly rent, and if I have to go to the property in person for a routine inspection or to oversee a large job or high ticket estimate, Its $25/hr + $0.50/mile driven.Hiring a professional manager is ideal if you dont have the patience, mental space, or availability to receieve random spur of the moment repair and emergency requests.
Ruth Lyons
Inspectors killed my deal -- 3 times, Any advice?
23 May 2024 | 52 replies
Consumers have a right to say they're uncomfortable with a particular situation, no matter how inocuous it may sound to the seller.
Ariel Tobi
Is it normal that PM gets 13% of all repairs and rehab?
22 May 2024 | 30 replies
. $0 for normal or routine maintenance2. 10% of the rehab ONLY if it is over $2,500.
Jade S.
Cardone Capital...anyone looked into this?
20 May 2024 | 177 replies
If I took 100K off your hands wouldn't you be just slightly uncomfortable...just a little?
Coty B Lunn
Managing Investment Properties: With or Without a Property Manager
18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
Bob Stevens
sec 8nswers It's not that complicated folks
21 May 2024 | 48 replies
Additionally, I operate in neighborhoods with lower median incomes than 44119 (44306 and 44310) and routinely get significantly more in rent than section 8 will pay.
Vinnie Dici
Tenant brought over 6 drunk friends at 2 am and let out my cat
18 May 2024 | 10 replies
As in two or three years living with this person whose shall we say lifestyle is so uncomfortable to you???
Justin Cupo
This is the best time to find mold
15 May 2024 | 2 replies
But if the property is empty a protocol in that scenario would call for the removal of the affected area and a thorough cleaning and disinfecting of both rooms.So if you're someone who wants to get ahead of the curve make it a routine task to test for mold before and after a tenant moves.