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23 February 2024 | 3 replies
Here's a summary of what they've offered:- Monthly PM Fee: 8%- Markup Fee: 15% on top of bills for services like fridge setup, applicable to any expense over $300.- Late Fees: They retain 8% of any late fees collected.- Initial Setup Fee: $300.- New Lease Fee: $275, but no fees for lease renewals.- Maintenance: They offer minor maintenance in-house, with the markup fee applying to expenses over $300.Do these terms seem reasonable to you?
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23 February 2024 | 10 replies
The 30yr would give me a little wiggle room in payments so just in case I had a couple months where living expenses went up, I would still be comfortable.There is my two cents.
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23 February 2024 | 2 replies
What I continue to struggle with is how expensive homes are in my area.
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24 February 2024 | 9 replies
Property managers can also be expensive.
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23 February 2024 | 24 replies
I’ve since added a copy of previous views including average review scores for the past 2 years.
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24 February 2024 | 13 replies
They are also taking 5 years to do 4 year degrees-not because they are working part time, but because they can't handle a full course load and that is adding a lot to their costs with an extra year of living expenses.
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23 February 2024 | 18 replies
The Bay Area is a very expensive housing market to get into, for me, it’s more financially feasible to start investing in the midwest.
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23 February 2024 | 6 replies
Does anyone in a similar situation Cover the cost of Hostaway (or other pms) by charging the property owner for the expense?
23 February 2024 | 7 replies
My concern is that currently, the monthly mortgage payment (~$2,700) will be higher than average rent for a 1 bedroom (~2,400).
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23 February 2024 | 6 replies
For instance, spend $10k on a kitchen remodel, increase your value by $8.5k (or whatever, but it's always less than the expense).I figure I must be missing something, because BiggerPockets is full of investors talking about their contractors, etc.