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27 February 2025 | 5 replies
I'm evaluating a potential BRRRR property that I would likely purchase with 5% down and owner-occupy for however long necessary to complete repairs, etc.
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27 February 2025 | 6 replies
My email and phone number are in my profile.
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14 February 2025 | 4 replies
Calvin,First of all, get your phone number on the donotcall.gov site.
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27 February 2025 | 23 replies
I'm not wasting time on dead leads or playing phone tag all day.Honestly, it’s taken so much of the busy work off my plate, so I can just focus on closing.
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20 February 2025 | 15 replies
My experience has been with correspondence audits, so that's just a lot of paper moving back and forth (and sometimes some follow-up phone calls).
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26 February 2025 | 0 replies
Today is all about framing, roofing, and exterior repairs—basically, the backbone of your rehab.
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26 February 2025 | 13 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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20 February 2025 | 20 replies
Michelle has been a member of MAREI for a couple of years and I have not really had any feedback good or bad, however, when one of our advertising members do bad things, I usually get a phone call or email about them.
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21 February 2025 | 102 replies
Whereas they wouldn't leave me alone before I signed, now--- I can get no one on the phone, and am required to use a text line.
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30 January 2025 | 5 replies
Quote from @Vaughan Moody: The contractor agreed to repair it for free.