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30 January 2025 | 19 replies
As I understand, landlords there cannot charge application fees, security deposits and evictions are VERY challenging.Have communicated with several PMCs and investors in Ohio market and not aware of any real differences from Michigan.
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28 January 2025 | 27 replies
Never heard of a voucher tenant being responsible for maintenance and repairs, rental licensing fees, lead testing upkeep, cap ex, reserves, book keeping and tax prep......and even if you self manage, it takes up your time and should be treated as an expense because its taking away from your ability to earn income elsewhere.
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15 January 2025 | 2 replies
I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.
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21 January 2025 | 20 replies
It's been great - the property is 100% paid off and the house is worth 300-340k generating approx $2300/mo (that's after utilities/management fees etc.)I'm considering selling the property to buy 3 more within the same price range in the same market.
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13 January 2025 | 7 replies
I think my fees are high until I shop around and then I am thankful.
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14 January 2025 | 2 replies
We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo.
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15 January 2025 | 12 replies
Kiavi minimum 2k origination fee for 30Y loans is ridiculous.
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10 January 2025 | 13 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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23 January 2025 | 7 replies
For cost efficiency, consider using a flat-fee attorney.
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22 January 2025 | 12 replies
North side Chicago I have never even had to give a tenant a late fee and none of the tenants I have placed for clients have ever given them issues either, properly picked people pay like clockwork on autopay.