
25 May 2021 | 3 replies
In fact, I've received that exact instruction from sellers when I was practicing real estate.Absent instructions to the contrary, my practice was always to issue a "multiple offer notification" to all bidders and request highest and best offers within 48 hours.

28 May 2021 | 18 replies
At least one lesson learned in this is to not let the broker pay, and if possible, request that it's not table top.

24 May 2021 | 0 replies
I received an email asking only for 3 months lease maybe going month to month after and offered $500 more then I listed. She is saying she places home insurance claims. I want to sign the lease but little bit hesitant...

28 May 2021 | 6 replies
Biggest challenge is the time it may take to obtain a satisfactory bid – and requests for multiple bids only increase this delay.Another challenge is agreeing on what maintenance issues should be addressed.It’s not as easy as everyone thinks to find dependable, yet affordable contractors.

26 May 2021 | 9 replies
They only look at their back of the napkin calculations of what they pay a PMC, assuming it's 100% profit, because they NEVER consider what expenses a PMC has.Since you like to crunch numbers, why don't you calculate how much it would cost for YOU to hire people to do the following:Inspect a property to make sure it's ready to marketTake marketing picsPublish and refresh for rent adsTake all the phone calls from adsSchedule showingsChase applications, process & screenGet deposits and sign leasesCollect rents, chase delinquencies & evictionsHandle maintenance requests, which are never handled fast enough for tenants, or cheap enough for ownersChase tenants for lease renewalsCoordinate MoveOuts, damage charges against security depositsGet RentReady bids to owner's satisfactionFollow up with maintenance to make sure done on time and done rightStart the cycle all over againProvide accounting services for all of the above, including owner reports and payments, annual 1099's, etc.Don't forget to factor in payroll taxes, employee benefits, company office space cost, company insurance, equipment, phones, etc.Once you do all that, you'll quickly find that PMC's are NOT making more than owners.FYI - this is why investors should always factor in 10% PMC Fees, 10% Vacancy and 10% Maintenance when running numbers on a potential rental purchase.

30 May 2021 | 13 replies
I know I sure don't have the time to fill out feedback requests at the end of the day.
28 May 2021 | 5 replies
I will do a colleague Request and we can connect that way.
31 May 2021 | 17 replies
It basically means that if you used your initial entitlement amount, once a loan is paid off, you can request to have full entitlement back one time.

29 May 2021 | 4 replies
If contractor refuses to repair I figured my next step is I will get an estimate from contractors to do proper repairs and send this information along with before and after photos of property and a letter explaining the situation to the current owner requesting for them to contact me by a certain date to get the repairs done.

29 May 2021 | 5 replies
The agent advised that I ask an attorney to file a request w/ town to waive off the taxes or reassess to reduce them because they're exorbitant.