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20 February 2025 | 8 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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17 February 2025 | 12 replies
Hello, My name is Homer Wanamaker with Bay Hill Environmental.
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14 February 2025 | 19 replies
Although I have a high income my assets are not immense and the insurance is protection against future earnings/STR I will probably buy a primary home in next 5 years but happy for now where I am.
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19 February 2025 | 25 replies
As a cross-border investor, I'm likely going to need advice on entity structure to protect my liability while also not being double-taxed, I'm going to need to network with experienced investors/property managers/agents in the Cleveland area.
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7 February 2025 | 7 replies
I purchased a 3 family in Newark NJ in March of this year, and am curious about looking into this form of insurance as a way to further protect myself.
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20 February 2025 | 1 reply
DTI < 33%I've been constantly getting advised by my real estate agent (& i've discussed this with multiple agents) that if I add any contingencies to the offer, it won't stand a chance in the bay area market.If that is the case, how do I protect myself from challenges which could be found during home inspection / pest inspection related contingencies?
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12 February 2025 | 0 replies
80% of the land in Chelan county is protected and unbuildable.
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12 February 2025 | 12 replies
Since they (banks) have FDIC protection and these other "trust" custodian do not I am now looking at how to protect what we have.
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18 February 2025 | 0 replies
If they refuse or seem evasive, consider it a red flag.Financial transactions require trust, and unfortunately, my experience with Century Key Capital has shown me that borrowers must stay vigilant to protect themselves from hidden costs.
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14 February 2025 | 9 replies
For example, the wildlife under conservation protection like the Gopher Tortoise or others.