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29 August 2024 | 5 replies
It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.
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2 September 2024 | 11 replies
I figure if I start out with a low maintenance property, I can lower the learning curve and decrease the stress of managing a business and rental property myself to allow me time to figure things out as I go along.
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3 September 2024 | 6 replies
Mobile home parks can provide consistent income, and if you manage it well, they could become a significant source of cash flow.
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3 September 2024 | 4 replies
Or if there was a good property management software that included accounting as a feature!
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3 September 2024 | 22 replies
"Vetting" costs a lot of money.
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3 September 2024 | 1 reply
I have 8 years experience in commercial construction, civil engineering, and project management, so hoping to leverage that skillset to help me.
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3 September 2024 | 1 reply
Purchase price: $163,400 Cash invested: $25,000 Sale price: $240,000A buy&flip project on a Single Family House10K - Flooring, Trims and baseboards8K - Interior Painting3k - Updated water heater, and gas permit2k - Other minor fix, ceiling fan, windows, light bulb, new fridge, and more2k - Holding cost, HOA, and other related utility feesTotal cost of repair - $25k
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3 September 2024 | 3 replies
I think you may add a bit 30%-50% more on the cost of Estimated Repairs.
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3 September 2024 | 2 replies
You'll find a ton of investors there looking for more contractors, property managers, other investors to do deals with, and more.