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24 February 2025 | 21 replies
This one is Multi-family in Celebration Florida known as Astoria.
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17 February 2025 | 0 replies
They had previously been combined into one house.
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20 February 2025 | 18 replies
If his landlord reference for the past five years is good, that would weigh much heavier than his eviction.Based on what you've shared, I think this is a low-risk situation, and I would probably accept them with a deposit equal to one month of rent.
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22 February 2025 | 6 replies
I put them all in a chat interface, and calculate using AI so one doesn't need to juggle between different platforms.
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18 February 2025 | 6 replies
One of the best things you can do right now is educate yourself.
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13 February 2025 | 15 replies
Andrew, we've been using a tool that we created to analyze all of the on market properties in our area at once, so you can filter the best ones.
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18 February 2025 | 7 replies
This may not seem like a big issue, but if you're paying for premium data, like I am, it can drive up your cost per deal drastically.I switched to REI Reply last year and can send off over 2000 texts in one drop.
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25 February 2025 | 10 replies
Management & Leasing FeesManagement Fee: 10% of the monthly rent = $180/monthLeasing Fee (Tenant Placement): 60% of one month’s rent = $1,080 (one-time)Lease Renewal Fee: $250 per lease renewalUpfront & Annual FeesOnboarding Fee: $350 (one-time for setting up the property)Annual Administrative Fee: $45 per year (for statements and 1099s)Reserve Fund Requirement: $300 (held for maintenance and expenses)Maintenance & RepairsOrdinary Maintenance: Any repair costs exceeding $300 require owner approval.Emergency Repairs: Up to $300 without prior approval; HVAC, plumbing, and electrical repairs can go up to $500 without approval.Home Warranty Claim Handling: $40 per claim (if applicable).Multiple Quotes Request Fee: $100 per request if you require multiple vendor quotes.HVAC Filter Supply Fee: $195 per year per HVAC unit.Repairs & Improvements: 10% markup over vendor invoice cost.Additional FeesInterest on Unpaid Sums: 10% late fee with a $39 minimum per month.Paper Check Administrative Fee: $20 per check if not using direct deposit.Insurance Documentation Penalty: $40 per month if proof of insurance is not provided.Eviction Protection Program (Optional): $15/monthProperty Damage Protection Program (Optional): $25/monthTermination FeesEarly Termination Fee: Equal to the management fees for the remaining lease term.Vacant Property Termination Fee: $500 if no tenant is in place.Transfer to Another Manager: $500 file transfer fee.
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25 February 2025 | 3 replies
And, if you are self-managing, definetaly get rid of the one that is far away.
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19 February 2025 | 7 replies
In your experience, does one approach lead to better appraisals, loan terms, or overall outcomes?