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.
Garrett Ramela
What's going on with Azibo? Any recommendations?
20 January 2025 | 4 replies
I don't have any specifics but as someone who is into tech, accounting/finance, and a consultant to grow businesses.
Robert Ellis
Anyone doing Build, Rent, Refinance, Repeat ? Build to rent developers ?
14 January 2025 | 1 reply
You have to find a zip code that has a prevalence of multifamily and a pathway to build multifamily.
Brandon Vukelich
3-unit STR/MTR $107k NOI on $187k REV
29 January 2025 | 12 replies
There are several 4 plex properties under 1m and a nice 3 plex, fully renovated for 900k.
Kenneth Joseph Perfido
Should I Pay Off My VA Loan Quickly or Keep Leveraging Debt?
23 January 2025 | 5 replies
@Kenneth Joseph PerfidoFrom my experience, you’re in a great position with your Newport property, strong cash flow, and a low 2.8% interest rate.
Sol Baum
Re: No due diligence-commercial
22 January 2025 | 7 replies
As an investor and a commercial real estate broker I would not expect a buyer to spend a dime on due diligence unless the buyer/seller come to an agreement on a purchase contract.
Ike Okwerekwu
Property Manager Referrals
27 January 2025 | 7 replies
These are professionals with additional training and a stricter code of ethics.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
Her income now is SS of around $2400 and a basic 40hr office job that pays all of $17/hr, but she is retiring with this move.
Chandler Williams
wholesaling Earnest Money and Due Diligence
9 February 2025 | 8 replies
Hey guys,This might be a super basic question, I'm still very new to wholesaling.I've been a Utah realtor for two years now and a beginner investor.
Jonathan Sanchez
Pricing Strategy - What is your approach?
16 January 2025 | 13 replies
On a more enterprise scale, I employ RevMax software as well as a fractional revenue manager who looks at the prices daily on a market level and a comp set level.