While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

Most folks are charging 10% of the rental rate for monthly PM fees. 1 months rent for a leasing fee and couple hundred for a lease renewal.

I really want to have them sign a contract that I can drop in the scope, schedule and proposed fees to provide some protection for me.

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

In the instance you refer too, this is in florida and I have seen in FL defendants get attorneys fees covered.

There are plenty out there with fair rates and lower fees.

Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.

I'm confident in the value that Pace is creating and what the Subto Community is delivering every day.Pace Morby shows you how to max out your credit cards and get new credit to pay the $8,800 fee he charges.

., commissions, fees) and consider a 1031 exchange to defer gains by reinvesting in another property.This post does not create a CPA-Client relationship.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.