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25 January 2025 | 6 replies
Quote from @Sarah Ali: The seller has a contract with the agent, which means they can't legally sell the property without compensating the agent.
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14 January 2025 | 2 replies
How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?
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12 January 2025 | 7 replies
If your manager is just 'keeping an eye' on things, collecting/reminding on a few rents here and there and some light cleanup while being compensated in free or reduced space rent then classifying them as 1099 subcontractor is great.
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4 February 2025 | 17 replies
First off, let me start by saying I logically understand a winers attitude is not based in victim mentality.
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4 February 2025 | 6 replies
If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.
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15 January 2025 | 3 replies
If you supply the machines, I recommend increasing rent $100 or so to compensate for the purchase and maintenance.
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18 January 2025 | 11 replies
As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.
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29 January 2025 | 7 replies
@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.
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17 January 2025 | 37 replies
We’ve been victims ourselves and I’ve been told that directly by law enforcement.We had a scammer create a very professional website using the exact name of our lending company.
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2 February 2025 | 22 replies
Okay, bring on the angry posts from all teaser-victims [wait, I said I empathize….]Best of luckBob