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25 March 2018 | 11 replies
Hunter/Windham areas can probably do well due to the ski season and even summer time when there are other events going on on the mountain.
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8 February 2023 | 7 replies
Don't get over your skis but if there is excess capital in your investment, this could be a good way to make use of it.
3 February 2017 | 6 replies
I have a pre approval from them...
22 February 2023 | 3 replies
Going much below $100K will skew the APR upward when I add in my fixed costs/fees and, if you go to low, you hit that those ceilings.
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29 April 2016 | 5 replies
Not to be cold, but a pre-divorce market would likely be profitable, if you could find it.
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21 February 2023 | 5 replies
>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!
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22 March 2018 | 4 replies
Other passions include skiing, BBQ, eating/drinking (craft beer/scotch consume a lot of my energies), and generally being near, on, or in water.Cheers-Morgan
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9 April 2019 | 5 replies
With a pre-determined pay off amount we agree to for each property.
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21 February 2023 | 2 replies
I would like to get a pre construction appraisal for a duplex.