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26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
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24 January 2025 | 3 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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22 January 2025 | 7 replies
How about a sales contract with contingencies but with a limit where the buyer can only terminate the contract if their find material defects exceeding a certain dollar amount.
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12 February 2025 | 27 replies
These particular students were so mad they broke their contract with Multifamily Mindset just to not be associated with Ryan and Tyler anymore.When you ask their coaches and team members how many deals they have done and how many doors they are in it is very difficult to get them to actually tell you.
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14 February 2025 | 37 replies
Then, in a week, have a friend of yours contact the listing agent and get it under contract.
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10 January 2025 | 9 replies
I currently own 2 rentals in the Phoenix market, but I'm ready to take it to the next level.If anyone has questions about commercial leases or purchase contracts, I can help with that.
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28 January 2025 | 8 replies
So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.
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23 January 2025 | 39 replies
If the client wants the deal, we proceed with getting it under contract.
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28 January 2025 | 1 reply
I do not worry much about "hurried or sloppy work" because it is also in my contract that all work must pass inspection, which may include the city / county (for permitted projects), lender and myself.
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27 January 2025 | 1 reply
I'm starting my first deal and got on the call with the agent and ended it with a deal with me making almost 5k but after this idk what to do, we haven't signed a contract or anything but getting to and and I just need someone to be by my side for this, I'll throw you some of what im making somehow but I just really Need help