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5 January 2025 | 24 replies
The fear of unknown and the bad potentials, but then sh_t happens and ya remember that we got a choice to lay down and be done in by it or roll-up the sleeves and get to work and be a solution maker.
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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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29 January 2025 | 19 replies
be smart make the right choice
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27 January 2025 | 5 replies
However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants.
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25 January 2025 | 2 replies
Buying a house near the comps would be a bad deal since they would be buying at a premium.
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5 February 2025 | 11 replies
Do a toilet bowl test , put food coloring in the toilet tanks and check for bad flapper valve .
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26 January 2025 | 16 replies
$150/mo - $300/mo is bad or good cash flow depending on how much cash you put into the deal.$150 x 12 months = $1,800If you put $45,000 into real estate as a down payment, you are looking at a 4% cash on cash return.I would consider this decent.If you put $20,000 into the deal, the cash on cash return is higher and its better.If you put $200,000 into the deal, the cash on cash return is lower and considered worse.However, cash on cash return is not the only return you should consider, you should also consider appreciation.My benchmark is trying to achieve atleast an 8% return between appreciation and cash flow.Best of luck!
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5 February 2025 | 15 replies
It may also deter other bad behavior.
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27 January 2025 | 5 replies
It cost him a few hundred bucks, but she was happy, and more importantly, he didn’t have to deal with an expensive lawsuit or bad online reviews.Here’s what I’d recomend doing:Check Your Legal Standing: Since the fence isn’t in her lease and not part of the surveyed property, you’re probably in the clear to remove it.
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15 January 2025 | 6 replies
Whether you choose to run screening before you show the unit to them is a personal choice.