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21 January 2025 | 59 replies
Some people look at PM fees as “wasted” or something they could do themselves.
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16 January 2025 | 19 replies
Foreclosure sale could sell at same price as original purchase, but with accrued interest and fees, all LP equity gone.At the end of the day, all LPs loses boil down to an issue with cash flow available and/or a decline in overall values.
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1 February 2025 | 1 reply
You let it slide, waive the late fee, and she pays by the 10th.
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15 January 2025 | 7 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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30 January 2025 | 6 replies
The website does not have an area for me to pay a fee to download the agreement.
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25 January 2025 | 8 replies
Spend a year learning and going to meetups before you fork over a $50-$100k franchise fee and half of your profits and don't even know what you are doing.
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27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?
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19 January 2025 | 6 replies
I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).
17 January 2025 | 5 replies
The management company replaced some of them, however there are still several other fees related to the theft that we are trying to get reimbursed for (they told us we would not be charged, they charged us anyways).
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16 January 2025 | 8 replies
For a legal service dog, you cannot charge a pet fee or deposit or pet rent because a legal service dog is considered an appliance, not a pet.