Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Alex Goncharov Are my calculations wrong?
26 May 2021 | 9 replies
They only look at their back of the napkin calculations of what they pay a PMC, assuming it's 100% profit, because they NEVER consider what expenses a PMC has.Since you like to crunch numbers, why don't you calculate how much it would cost for YOU to hire people to do the following:Inspect a property to make sure it's ready to marketTake marketing picsPublish and refresh for rent adsTake all the phone calls from adsSchedule showingsChase applications, process & screenGet deposits and sign leasesCollect rents, chase delinquencies & evictionsHandle maintenance requests, which are never handled fast enough for tenants, or cheap enough for ownersChase tenants for lease renewalsCoordinate MoveOuts, damage charges against security depositsGet RentReady bids to owner's satisfactionFollow up with maintenance to make sure done on time and done rightStart the cycle all over againProvide accounting services for all of the above, including owner reports and payments, annual 1099's, etc.Don't forget to factor in payroll taxes, employee benefits, company office space cost, company insurance, equipment, phones, etc.Once you do all that, you'll quickly find that PMC's are NOT making more than owners.FYI - this is why investors should always factor in 10% PMC Fees, 10% Vacancy and 10% Maintenance when running numbers on a potential rental purchase.
Ranjit Annamalai Appeal information in public record, a big deal or not?
5 June 2021 | 7 replies
They directed me to a company which keeps their documents and that office also did not have past violation information.
Colleen Fiumara Buy & Hold Rehab, will BRRRR
25 May 2021 | 1 reply
I used a fannie mae homestyle loan and renovated the cottage into my home office space for now.
Mrinal Parashar Google Workplace for Rental Management
26 May 2021 | 5 replies
@Mrinal Parashar Google Workplace (and Office 365 for that matter) are incredibly versatile and powerful.
Elizabeth Smith How to reach an international market to sell Arizona guest ranch
30 May 2021 | 4 replies
You might have to find one who is not quite so local to yours or who is part of a chain like Century 21 or something that might work along side someone closer if a different branch office has the international marketing designation.
Chris Collins Moving Past Employer Distance Requirements for Primary Residence
28 May 2021 | 2 replies
As I'm in an industry that will be returning to the office soon, I don't see my employer approving this.
Gaurav A. Passive Co-GP|As an Individual or LLC| Recommendations & Reasons
30 July 2022 | 9 replies
Maybe it’s slightly different if someone is partnering with a family office who is the co-GP?
Ralph Noack Too much money from the money lender/investor
29 May 2021 | 6 replies
We certainly shoulder most of the blame for the misunderstanding).So the financing deal closed today (a week late because their lawyer's office screwed a few things up along the way).
Nathan Gesner Why are so few applying for rental assistance?
1 June 2021 | 25 replies
We've given her everything she needs, multiple times, but she claimed she didn't have an email (she's 45 and has an active facebook page), then she claimed she didn't have a computer (free at the local library) and that she couldn't figure out the forms (several organizations are specifically set up to help her and we've offered to help her in the office).
Natasha Berness Converting a second home into rental
30 May 2021 | 2 replies
I bought a condo in Southern California and now I have to return back home to Northern California as our office is opening back up.