Rafael Valdor
Are there red flags in PM agreement?
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.
John Friendas
Cheapest Funding for No Electric Property
10 January 2025 | 4 replies
And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?
Richard Benjamin Wilhite
How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
19 January 2025 | 9 replies
Sometimes the long term capital gains are palatable and it may make sense for you to pay the tax rather than force a bad deal.
Angel Santiago
Property Manager South Florida
14 January 2025 | 8 replies
I'm the VP of a roofing company in South Florida and work with a few good PM companies on a regular basis, a lot of bad ones too.There are good and bad PMs in each of those companies.
Chris Slaughter
FHA buyer wanting to move in before close
22 January 2025 | 1 reply
This just seems like it puts me in a potential bad situation if something goes wrong during the process.
Keith A.
Going without landlord's insurance. Have you done it?
7 January 2025 | 7 replies
One bad situation can harm all the properties.
Ben Lindquist
Qualified Intermediaries - Any good or bad experiences?
17 December 2024 | 8 replies
I used to think all realtors were more or less the same as well :)Of course there's good and bad and shades in between.
Harrison Jones
The Importance of a Great Real Estate Agent: A Personal Paradigm Shift I
22 January 2025 | 1 reply
Back home I would make a packet for my appraiser and never had a bad appraisal due to the that I specified the value add and the Reno amount and broke it down so they saw the potential and it always worked.
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
22 January 2025 | 4 replies
Quote from @Edgar Duarte: hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we rcan sell it for $700K and get an equity of almost $500K after paying the mortgage balance, if we invest all of it option in index funds at 7% rate (standard com growth calculator), or in more rental properties as we are all here for, I can get the equity of around $900K.option B would be keep paying the house at 2.3% int rate while we have it in AirBnB and maybe sell it in 10 years for $900K, knowing that we would be paying taxes but it is not that bad still. or we can 1031 at that point?
Danielle Levy
Filing lawsuit against property management company
21 January 2025 | 19 replies
Most importantly, they are disrespectful and bad business people.