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20 January 2025 | 6 replies
There is a not so inexpensive fee - anywhere from 5k to 100k depending on the program and they take a % of each deal.
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24 January 2025 | 11 replies
If that investor hadn't planned it carefully and re-invested that money into the property or even the purchase of another then a recapture fee would hit them hard.
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18 January 2025 | 13 replies
Can easily get a 20% referral fee just for sourcing and handing off that lead.
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7 February 2025 | 25 replies
I thought I bring this issue about Peter Harris back up .I was also told about the $10k start up fee .
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24 January 2025 | 4 replies
Or even just use the FB group where people bring deals for a finders fee, you evaluate and then pay a % to a TC to help close the deal.
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29 January 2025 | 25 replies
Things they did bad which I wish I had asked more information about:Never involved in the screening of tenantsThey recommended keys for cash by waiving the rent amount buy only collecting fees which they would get not meThe cost to evict is 750-950 yet other companies told me they will include eviction in the priceThe tenant didnt pay in full last month and I was the one calling out to them and asking questions then a few days later I get an email saying something happened with the tenant and they are investigating.You get passed from person to person every week or so.No one told me when the construction was complete and so the house was ready for a week and the post to zillow and other sites was not done.It took them another week to take pictures and then another week to upload it.I was paying 200 dollar a month electric bills while the house was vacant because they left the AC running in the empty property.
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24 January 2025 | 3 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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23 January 2025 | 10 replies
We pay Lightning Docs a $500 annual fee and $500 per loan, which we charge to our borrowers at closing.
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17 January 2025 | 28 replies
HostGPO charges you a fixed monthly membership fee.
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22 January 2025 | 12 replies
It’s worth researching to see if this might be a good fit for your situation.Lease Structure and Clauses: Work with an attorney to draft a lease with strong clauses for late fees, maintenance responsibilities, and other terms to protect your interests.Target Stable Tenant Profiles: While no tenant is risk-free, targeting tenant pools that historically have more stability (e.g., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.