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20 January 2025 | 5 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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23 January 2025 | 4 replies
Would the investor have to use an assignment contract between him and new end buyer to collect the mark-up fee aka assignment fee at closing?
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20 January 2025 | 7 replies
If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.
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28 January 2025 | 12 replies
The entry fee is 8% the existing loan carries an interest rate of 4.125%.
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22 January 2025 | 16 replies
are they asking for up front fees?
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27 January 2025 | 13 replies
This dragged the process out even longer, making it both exhausting and expensive—I’ve already spent nearly $10,000 in legal fees.
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31 January 2025 | 2 replies
Property managers have established vendor relationships and can handle issues quickly.Cons of Hiring a Property Manager❌ Lower Profit Margins – Management fees (typically 8-12% of monthly rent) eat into your cash flow, which can be a dealbreaker if your margins are tight.❌ Less Control Over Tenants & Maintenance – You won’t be as involved in selecting tenants or overseeing repairs, which might lead to decisions you wouldn’t have made yourself.❌ Not All Property Managers Are Great – A bad property manager can neglect your property, overcharge for repairs, or poorly handle tenant relations, leading to unnecessary headaches.Which Option Is Right for You?
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23 January 2025 | 10 replies
This is my first time buying a home and let’s just say I learned a lot about these fees.
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25 January 2025 | 6 replies
As far as whether to approach them with or without an agent - approaching them directly without an agent can save the seller probably 2.5-3% of fees, which give you some room to negotiate on the price, but you need to be confident that you are capable of evaluating the property value, estimating on the amount of work that is needed, knowing how to negotiate/ structure the deal, and navigating the closing process.
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27 January 2025 | 8 replies
If the LLC and its income are entirely outside California, it typically does not require registration with the California Secretary of State (SOS) or payment of California Franchise Tax Board (FTB) fees, even if you reside in California.