Amirra Elgamiel
Is it common for PMs to charge a tenant placement fee?
16 March 2024 | 36 replies
@Amirra Besh If you call any agent, they will typically charge 1 month of rent to find a tenant.Just like in a sales transaction, where the buyer's agent and listing agent split the commission, an agent will offer another agent that brings a tenant 50% of the one-month of rent as commission.Many owners are trying to put pressure on PMCs to lower this fee because they think the monthly management fee should cover at least part, if not all, of this.Here's were penny-pinching owners screw themselves: PMC's will charge lower than the one-month of rent, but they offset it and do NOT tell the owner the negative repercussions!
Mary Jay
Question about lowering the rent
15 March 2024 | 20 replies
IMHO you made a huge mistake in offering to drop the rate....let her leave and find a new tenant that will pay what the market rate is currently.
Neetu Patil
About hard money lending
15 March 2024 | 19 replies
There are a few good hard money lenders that can deliver, but Longhorn Investments is probably the only one offering up to 100% on the purchase price (and 100% on rehab of course).
Sondra Willis
Short-term Rental Insurance
15 March 2024 | 9 replies
Does anyone have any suggestions on short-term rental insurance for a single family home with a 17-year old roof; location Davenport, FL or how to negotiate in an offer to purchase.Thanks
Kartik T.
Looking for a mentor
15 March 2024 | 2 replies
If you want to find an actual mentor, go to meetups, reach out to individuals that are investing in the style you like and offer value to them.
Michelle P Stafford
Advice on a Rent to Own Commercial Property
15 March 2024 | 6 replies
. $300K as I put a hefty amount down through that 1031 exchange).Current offer on the table proposed by my broker:$600K Purchase price7 year lease with option to purchase within 3 years for an amount equal to $600K less what they would have otherwise paid in principal under under a 7% loan for the same period).
AJ Wong
NAR capitulates on Class Action Lawsuits as RE industry undergoes seismic disruptions
15 March 2024 | 0 replies
Beginning this summer, buyer's broker commissions can no longer be advertised or essentially offered on the MLS and can be negotiated up front.
Vivan Bhalla
Confused between house hacking in LA or Philly
15 March 2024 | 2 replies
However, if you're more focused on long-term appreciation and equity buildup, Los Angeles might offer better opportunities despite its higher cost of living.Market Conditions: Consider the current real estate market conditions in both Philadelphia and Los Angeles.
Raja Shan
Terminate w/o cause. Financial incentive for the tenant to move out?
15 March 2024 | 10 replies
2) If they decide to take the offer and move out in April, does that override the 90 day notice needed (see below)?
David Ivy
Austin Market Report - February 2024
15 March 2024 | 1 reply
Multiple offers are the exception, not the norm.