if its all your money and risk. then the 50 /50 split is not warranted at this level.I would want a better split for sure.. something like Hey we pay you set fee and a bonus but no way 5050 at least for me

Send me a PM and I can connect you with someone that would be happy to discuss your deal!

Our lease was old and had attorney fee's provisions clause which made the case too risky to go to court regardless if we were in the right.

This eliminates the need for a tear off and the expensive labor and disposal fees for that.

Easiest way to ripoff an OOS investor is to sell them a Class D rental with a S8 tenant that was enticed with no app fee, no security deposit and really no screening.

Yes, underpinning under an attached row house in NYC. real cost was almost $100k when factoring the specialized foundation work, third party Special Inspection Agency inspections and NYC DOB fees.

Heavy HOA/assessment fees bring down estimated net collections around 20k per year after ALL fees/taxes/insurance/realtor/potential-repairs etc. 

I've been in REI a long time and have seen the good, the bad, and the ugly, but $60k of damage from one tenant indicates gross negligence on the part of the property manager.I'd suggest three things: 1) Study the contract you have with the PM company, and talk with your attorney ASAP to see whether a lawsuit is feasible/advisable, 2) Get at least three bids from other contractors on the repairs (and before you hire any contractors, study up thoroughly on how to properly vet and manage contractors--there's plenty of info about this on BP) 3) Don't do any more business with the PM company (or any contractors they refer), and keep them at arm's length while you discuss your legal options with your attorney.

This is a great discussion, glad I found it!

I will reach out to you to discuss in detail.