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10 February 2025 | 7 replies
If so, shifting that to the tenants at the time of lease renewal is another great way to decrease her overall debt service.Other good ways to increase revenue in the mean time:- Raising washer/dryer prices. this may only equate to $4-$5 per unit per week, but its better than nothing- If there are any unassigned parking spaces, meaning not attached to any lease, make them paid only any offer them to tenants at a new fee.
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17 February 2025 | 69 replies
Try not to pick flat farm ground.
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4 February 2025 | 17 replies
if anything then I would set a flat fee to pay them for their service and then if you do find a property that offers buyers agents money, in which almost all I have seen still do...then I would have the title company back out the amount you decided on and the agent gets the remainder of the amount of commission that's left over.
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8 February 2025 | 3 replies
Rent growth has been flat over the last year so you need to account for flat rents near term.
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21 January 2025 | 18 replies
Any other fees such as close out fees or payoff demands are paid out on the back end when your loan is refinanced or paid off.
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12 February 2025 | 43 replies
Probably they make it up in upcharges on maintenance repairs, or they will keep all your application fees, processing fees, tenant charges,pet fees and charges or make ready or something somewhere.
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16 February 2025 | 18 replies
Thus, they take extreme risks and look for corresponding discounts.Additionally, after the first position lender accounts for default interest, penalties, legal fees, foreclosure fees, accounting fees, and everything else, the equity in your combined <65% ARV loan can easily erode to zero.
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21 January 2025 | 1 reply
Is the below fee schedule normal?
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31 January 2025 | 12 replies
Fees:The Set-Up Fee is $50The IRA Annual Fee is $275 (flat fee regardless of the number of assets & regardless of the account value)The Direction of Investment fee is $10**The Wire Fee is $15See our fee schedule for Crypto-currency feesPlease refer to the fee schedule to see metals storage costs.
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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?