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1 June 2024 | 3 replies
Hi BiggerPockets Community,I'm having trouble managing mortgage payments for my rental duplex property and could use some advice from those who have dealt with similar situations.Background:The mortgage for our rental duplex is in my and my wife's names.Our LLC holds the property deed via a quitclaim.We set up a business checking account for the LLC to receive rent payments and manage property expenses.The Problem:The bank requires that mortgage payments be made from an account in my and my wife's names, not from the LLC's business account.
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29 May 2024 | 14 replies
If they caused you damages due to their violations of rules governing licensed brokers, you may be able to make a claim through the Real Estate Recovery Fund.2) either you or your attorney send an official termination of services letter (if you haven't already), wherein you need to demand that they remove listings, return to you your property they are holding, disburse your money to you by a date certain. 3) if they fail to comply with your demand, contact an attorney to prosecute the remedy.You can attempt to re-list your property yourself or with a new management company, but you may run into problems with listing websites when they see an existing listing for the same property.
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1 June 2024 | 6 replies
I self manage my stuff, but its not hard to do it for 50-60 tenants...
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2 June 2024 | 9 replies
Thanks for the suggestion.We are planning to self-manage our next property, so my preference is to live nearby.
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29 May 2024 | 2 replies
What are the tasks that must be done by a property manager/owner versus someone who is assisting a PM/owner?
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1 June 2024 | 0 replies
I’m very skilled at construction job costing, inspections, design, and management.
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1 June 2024 | 8 replies
IE the loan we got for our coast property requires we use it a minimum number of days per year and cannot lease it out either directly or through a property manager for STR use, for a period of time.
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31 May 2024 | 16 replies
And if anyone who is out of state, also does the management yourself?
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29 May 2024 | 14 replies
I'm currently aggressively vetting property managers.
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2 June 2024 | 8 replies
Requires a bit more management but makes more sense given the current legal framework.Happy to chat and share info on the market if you are still exploring investing in Madrid Real Estate.