Glen Michael
Acquiring another property management company, thoughts on best method to use.
5 October 2024 | 2 replies
., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend!
Ryan Fox
Where to find cost basis in tax return?
5 October 2024 | 14 replies
Do you know where I might find that percentage in my returns?
Jimmy Jarjour
House Hacking in San Francisco
4 October 2024 | 27 replies
May I ask what is the down payment percentage you are planning to put in?
Albert Hepp
What amount will you pay your buyer agent when new Realtor MLS rules start in August?
3 October 2024 | 6 replies
It's hard to tell because a large percentage of buyers currently purchasing are using FHA and VA loans and might not have an extra 2-3% to put toward closing.
Pavan Kumar
Landlord insurance deductible concern
2 October 2024 | 5 replies
I've never seen an "All Other Perils" deductible restricted to percentage of the policy.
Howard L.
Property tax rate for rental SFH or small multi-units in Las Vegas?
2 October 2024 | 2 replies
I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.
William Silva
First Time Investment Property Buyer
4 October 2024 | 9 replies
If you put that in terms of percentages for a moment - that is $120/$300 = 40% of your net profit going to the property manager.Often property management charges the first month's rent as a fee to place a tenant.
Nicholas Cavato
Best Business Standard Mileage rate App
3 October 2024 | 6 replies
You can delete trips that were not made in the subject vehicle, so your percentages are accurate .
Troy Maleyko
Working with Investors & Structuring Comissions
4 October 2024 | 5 replies
If they prove to be loyal I will give them a lower percentage for being loyal, but not accepting an "I will work with you forever" deal with no proof of concept or relationship.
Irene Morgovsky
Charlotte County FL - renting out home, math doesn't add up
3 October 2024 | 6 replies
The management percentage seems awfully high.But all of those matters are details.