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19 February 2020 | 4 replies
Since PM fees are paid for, and I will be living overseas, I have no desire to manage the property myself.Here's what I've done so far:1) Asked "rich people" and people with high-end homes I know for a referral (no one I've talked to has rented their home or been on a similar assignment).2) Done rental searches on realtor.com, Zillow, etc. for rentals at or above my rent rate, then taken note of the listing agents.
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25 February 2020 | 4 replies
Business has grown mostly by referrals over the years and I’ve recently hired a superintendent to help.
22 February 2020 | 11 replies
Start asking for referrals for property management companies, brokers, RE attorneys, RE Insurance agents, etc.
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17 February 2020 | 2 replies
@Bryan FindlayHave you tried searching on here or asking local investors for referral recommendations?
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17 February 2020 | 8 replies
Have you ever seen a broker or an equity raiser being compensated by giving them a share of the equity of the deal as opposed to a simple cash commission?If so, what would that look like?Two different scenarios have r...
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17 February 2020 | 1 reply
Any referrals are appreciated.
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20 February 2020 | 8 replies
Hey @Matthew Orton have you tried calling other property management companies in the area and looking for referrals?
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22 February 2020 | 3 replies
Look for groups who offer referrals to local contractors, Relators, etc.
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18 February 2020 | 17 replies
You can offer “referrals” however that doesn’t guarantee him anything.
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17 February 2020 | 2 replies
Or offer to help them fix up a unit for free.Real Estate Agent Invests themselves Responsive Hungry Tech-savvy One-on-one supportTo find: ReferralsAfter you find 3: Sit down with each of them Lender(s) Start looking now and start building a relationship with a few Contractors and handymenHow to find: Ask for referrals Check references The 6:00 a.m. home depot trick Ask store employees Make them compete Bookkeeper Keeps you organized and get your taxes ready CPA Looks at the bigger picture Saves you money in taxes Ideally, someone who specializes in real estate Lawyer Helps you set up leases and other forms and prepare you for the best legal entity for holding the properties Help with evicting a tenant Advise on any sketchy situationHow to find: Ask for referrals Insurance agent Ideally a broker Property manager Cost around 11% of monthly rent Interview a couple to get the detailsCh. 5Analyzing a Rental PropertySunday,September 8, 20199:20PMCalculating IncomeTo determine rent, look at: location Number of beds and baths Amenities like ac, parking, and appliances SizeHow to determinethese: Constantly scan the local paper (daily and weekly) Check craigslist often Check the competition and property management companies’ websites Read “for rent” signs - call the phone and act as a tenant to gather info Talk to other landlords - look for REIA When your unit goes vacant, bump up the rent Too many applicants = price too low Check the MLS (multiple listings service)Estimating Rental ExpensesEasy to calculate: Mortgage — mortgage calculator Interest rates - ask a lender Insurance — call the insurance salesman for quote Water — call the local water department Tenant can pay Sewer — call local water of sewer department Tenant can pay Garbage — call rubbish company Tenant can pay Gas — call the gas company Tenant can pay Electricity — call electric company Tenant can pay HOA fees — call HOA president Snow removal — ask local landlords or snow removal company Tenant can pay Lawn care — ‘’ Tenant can pay Property management — Ask local managers in the area Usually around 10% of monthly rent and 50% of a first months rent (just call it 11% Incase they charge a fee) Even if you don’t want the manager now, you will eventually.