7 June 2018 | 11 replies
It is possible that you are personally liable for outstanding HOA dues and fees even if you no longer own the unit.
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11 June 2018 | 2 replies
If you're licensed, you could legally collect a real referral fee.
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19 June 2018 | 7 replies
Are the renovation quotes free or should I expect to pay a fee?
7 June 2018 | 13 replies
Additionally, to pay an additional $3 per unit to get it in 2 days is a nonstarter.I have found Cozy to be extremely landlord friendly and many of the issues raised in these threads they address (i.e. automatic late fee).
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8 June 2018 | 12 replies
Regardless, the Board adopted regulations that all but eliminated our options to rent the place, including a proposed $250 fee per rental for "administrative costs" and requirements that renters sign an extensive agreement about what they could and could not do on the condo common grounds.
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8 October 2020 | 3 replies
However, if you only live 1 or 2 hours drive from the property, try to still manage it yourself so you can pocket the management fees.
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7 June 2018 | 4 replies
For the moment everything assumes 100% financing)* Repairs (default is $2000)* Vacancy (default is 10%)I also make sure to include HOAs, management fees (which vary based on property type), and insurance (which also vary based on property type, and are just estimates).The list is up to date as of this evening (June 6th), but it's static so it won't be updated unless I update it.
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7 June 2018 | 13 replies
Not really because I found out that, after the real estate agency's 5% fee (30K), I will have to pay around 30% in capital gain taxes which comes up to a whopping 96K.
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21 October 2018 | 14 replies
I do not think this was a major strategy killer, but the house sat empty during peak rental time (Summer before school started) and is still vacant at a price above Proforma.Some Observations: Closing costs came out to be much higher than the proforma estimateTaxes were spot onProperty Mgmt. fee spot onThe vacancy is listed at 4%, even though PM says I takes an average of 45 days to rent, so it’s a broad average I’m assuming after tenant leases or across all their properties.They advertise 2-year leases during the tour and most turnkeys are rented prior to closing, not the case for my property, still vacantOne inquiry has come in for a family whose house burned down, but they want 3-month lease smack in the middle of winter for another renewal, not optimalNeither the marketing department nor PM inside Reedy was very proactive as far as communication.