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20 February 2020 | 12 replies
I’m rubbing the magic lamp that is the collective BP genius in the hopes of finding a way to “guarantee” a high enough ARV appraisal to pull my cash out in a 75% LTV BRRRR refi...
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24 January 2020 | 9 replies
I still recommend bumping that up some in your analysis (unless that 10% includes everything of course) because usually the base rate doesn’t include any additional services such as finding tenants (usually a months rent or half a months rent additional for that), renewing leases, managing maintenance/ repairs/ turnovers, performing inspections, evictions etc. so the PM fees actually land closer to 15-18% in my experience (our PM charges 8% base for collecting rent, dealing with tenant complaints and handling small emergeny maintenance calls, anything else is priced a la carte and I usually handle any issues over $250 myself which is the only way we make any positive cash flow).
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22 January 2020 | 0 replies
As a newbie investor in the education phase of developing my rental business, I am looking to collect a wealth of resources to have on hand for market analysis.
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23 January 2020 | 7 replies
My wife is a licensed agent and I passed the licensing exam though I never went with a broker.If I went all the way managing, including renting it out, signing leases, collecting rent checks, upkeep, repair and maintenance, paying the bills, taxes, insurance, I would do it via a master lease, preferably a NNN lease, and for all intents and purposes, you can act as a landlord, make money on the rents, and not have issues with licensing as you have an interest in the property.
23 January 2020 | 1 reply
For instance, I pay my property manager 10% of rent collected per month.
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4 February 2020 | 8 replies
I have planned on registering for a business to collect rent for the future, is there a way to fund the construction through a business loan, or is that even a thing?
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16 June 2020 | 20 replies
I have mag locks on the doors and I do the cash collection myself.
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19 June 2020 | 71 replies
And while the GP may or may not have had some skin in the game, I'm sure they collected a handsome fee for 5 years that will soften the blow.
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27 January 2020 | 7 replies
Rent for 1st property collects slowly and that is not including tenant issues etc.
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5 February 2020 | 23 replies
I'd rather collect the payments and interest (backed by real estate) than manage tenants (or manage the property managers).