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9 January 2025 | 17 replies
She came back to me and asked if I would pay her 50% of my cleaning fee if guests cancel within 48 hours.
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17 January 2025 | 3 replies
Owner ended up settling with the tenant, but then we had to threaten to sue our own client to get them to pay our legal fees.- Owner must sign a Hold Harmless to indemnify us against any potential tenant lawsuits relating to the work their contractor is doing.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?
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18 January 2025 | 6 replies
With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M
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12 January 2025 | 7 replies
You must have the Business tax license & pay all the fees required.
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17 January 2025 | 19 replies
There are sometimes fees associated as well but they seem minimal and scale well since one line of credit can purchase multiple assets.Interested if anyone else is using this lending strategy and what your experiences/recommendations are.
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10 January 2025 | 1 reply
I’m thinks just pay him his regular price for the job and throw him 5-10% finders/gc fee instead of making a 70/30 split or something like that.
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12 January 2025 | 6 replies
I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.
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15 January 2025 | 8 replies
I would also give her x amount of days to move but let her know you will have to charge a prorated fee per day after that to move for occupying both units.
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10 January 2025 | 12 replies
Despite paying fees, doing a deal and making some profit is better than sitting on the sidelines.
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9 January 2025 | 16 replies
I can mark it up with a fee or by increasing the rate (or both, but I never do).