We worry he will take any additional payment, not perform the work, not purchase materials, and not pay plumber (who can tie up our project permits).

@Rai UdHouse hacking has served me and my family well, we have a 2750 sqft house. 4/3 We temporarily turned the office into a bedroom and was curious how the home would perform if we put it on full blast per se.

I would love to connect with you about your STR performance in Gatlinburg though! 

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

By the end of June, I really put some pressure on MW that everything needed to be finished and I was promised that he would do a "full court press" to complete my property and get it performing.

Got a couple questions about the rehab portion on the HUD in a delayed financing scenario and how it would affect the subsequent cash-out refi that hopefully y’all can help me understand:1) does the work have to be performed by a contractor (similar to how an FHA 203k loan requires this) or can you do it yourself,2) does the scope of work have to be line-item’ed or is it just a bulk amount for the whole shebang,3) in the event that the sun, stars and the moon all aligned and Mercury just happens to be in retrograde in the rehab actually came in under budget (say, $30k put on the HUD for the rehab and it came in at $25k all said and done), is the excess amount returned or just what happens in that scenario?

Paying commission to an agent for a house that will likely sell itself is hard sometimes, a lot of money for walking someone through the home when you can do that yourself and a mortgage broker can pickup the slack on some of the items a agent will perform. 

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

I am able to place 25% down on both and I own both my cars and the only debt I have is my personal mortgage for a home that does not stretch my finances at all. 

Hi Friends,
I helped an out of state friend buy a quadplex in my area. I manage it with some of my other rentals but am not necessarily a property manager. The way I structured the deal was that I get monthly managem...