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31 May 2024 | 44 replies
This immediately struck me as odd as I wasn't aware of any form of compensation to the PM for any maintenance related activities, just 8% of gross rent and 1-month of rent to lease the property, per our contract.Naturally I wanted to understand the nature of this arrangement, specifically how much mark-up is being charged, so I referenced a specific sewer repair bill from 2015 that was $2,600 and asked him if he could provide the vendor invoice so I could understand how much the vendor charged and how much revenue the PM recognized.
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31 May 2024 | 16 replies
Hey Ken, I would look into investing in your local market.
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30 May 2024 | 8 replies
That way you know they are active in the BP community!
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31 May 2024 | 11 replies
That is really the way that YOU will manage the property as opposed to how the property management company did it.Good luck with your rental unit because there are a lot of laws that affect the CA landlord and renter, including more city/ local areas.
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30 May 2024 | 8 replies
Everyone had a land line.. 1992 to 2002 is when we were active with this program.
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30 May 2024 | 10 replies
Look for local meet-ups and networking events.
30 May 2024 | 4 replies
Also looking to join a local Master Mind.
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30 May 2024 | 7 replies
But I'm happy to answer any questions about MTR property management as you search for a local company.
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29 May 2024 | 4 replies
Generally for fix and flip, we put this activity into an LLC that might be taxed as an S Corp depending on profitability.Rentals are usually put into separate LLCs depending on the state.