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17 February 2024 | 0 replies
I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.
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17 February 2024 | 2 replies
@Jo Lynn Sounds like you'd be selling via owner financing as Account Closed mentioned.
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17 February 2024 | 2 replies
So, this is my first year having a small management company where I manage rental properties for a few owners and had a few questions.
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17 February 2024 | 25 replies
You either need to refer her to a lender...or if you do want to try the owner financed route, then a RMLO.
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17 February 2024 | 3 replies
We ended up buying the house through the more traditional method of an owner occupied loan that is a JV with my daughter.
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15 February 2024 | 4 replies
Purchase price: $120,000 Cash invested: $12,800 This property was purchased from an owner who was tired of being a landlord.
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17 February 2024 | 2 replies
The original loan was an owner-occupied FHA loan.3) I also plan to ask the lender to remove the mortgage insurance (FHA loan), since with the value add, I should have more than 20% equity.
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17 February 2024 | 21 replies
You just can't have two owner-occupant loans at once.
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17 February 2024 | 0 replies
Hello Storage Facility Owners and Operators,I'm reviewing the financials for some properties and seeking your collective wisdom on the operational benchmarks for running these facilities efficiently.We understand that, on average, total expenses for a well-run facility should equate to about 35% of the Gross Income.
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17 February 2024 | 3 replies
@Caleb Rehg The only thing I would add to what others suggest is information on things that alarm and owners manuals if you have complicated appliances.