Drew Sygit
A Logical Way to Understand & Monitor Your PMC's Maintenance Charges!
26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
Khyree Randall
Wholesaling around a 9-5
29 January 2025 | 5 replies
The cost effective way starting is partner with an established wholesaler and they provide people to reach out to or pay for lists and do cold calling/door knocking yourself.
Marc Shin
where to list an MTR besides Airbnb
9 January 2025 | 7 replies
Anything beyond that is going to take some blocking and tackling (reaching out directly to local companies like solar farms, construction, medical staffing agencies, etc.).
Owen Wang
Looking to learn more about being a realtor
28 January 2025 | 6 replies
Both @Nathan Gesner and @Lauren Stark have provided valuable insights on this.One potential path for you is to join an established team to gain experience.
Alex Spivey
I'm new and don't have much info
27 January 2025 | 1 reply
Eliminate debt, establish a budget, and save.
Sung Yu
1031 fourplex into a single family
23 January 2025 | 5 replies
You'll want to make sure that you use that new property long enough to establish that you had an investment intent and then changed that intent.
Kyle Carter
Screening tenants effectively
7 January 2025 | 5 replies
Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!
Dave Cali
Looking to form a syndication.
16 January 2025 | 3 replies
With commercial office space starting to return, I am interested in establishing a syndication group that would be willing to invest capital into commercial office buildings.
Rene Hosman
Ask a MTR professional! Author of 30-Day Stay answers your questions
18 January 2025 | 16 replies
My goal is to build a business that serves corporate clients; construction and infrastructure development teams, medical/education faculty, corporate relocation, family emergency relocation services, sports travel/events,corporate and industryand I want to learn from those of you who are doing this successfully and are willing to share actionable ideas for how I can be successful in offering value to these groups.Thank you!!
Jim Stanley
Worth it to use insurance for a repair.
23 January 2025 | 9 replies
For what it's worth, this condo is technically owned by the the trust established by my Self Directed IRA.Thanks!