29 November 2021 | 6 replies
Contract PriceClient shall pay Contractor the estimated sum of $491,328.00 (the “Contract Price”)for the work to be performed under this Contract, subject to additions and deductionspursuant to any change orders agreed upon in writing by the parties, and subject to “allowances” as provided in the bid.Note: If the final cost of any item covered by the allowance is more or less than the dollaramount listed, the Contract Price will be increased or decreased by a written changeorder from the Contractor."
25 November 2021 | 2 replies
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.
6 December 2021 | 10 replies
Its not accurate to say you pay taxes on distributions.
24 November 2021 | 8 replies
By performing the action in a rising market and evenly targeting many owners (especially those least-equipped to fight), the effects were likely diffuse enough to deter potential takings claims.
17 December 2021 | 49 replies
Anything meeting the 1% rule in my market is usually in a bad location and won't perform as well overall as lower cap rate assets will.
17 January 2022 | 9 replies
Disclaimer - unsure of how accurate.
1 December 2021 | 4 replies
The moment he had it in hand he had his guys perform the eviction.
25 November 2021 | 2 replies
Your residential LO advice would be accurate if seeking a traditional Fannie/Freddie loan.
11 December 2021 | 12 replies
If you haven't already, I would create an accurate budget based on what the property will likely need during your intended hold period (such as roof, windows, siding, mechanicals, sewer line, driveway, appliances, plumbing repairs, kitchen and bath upgrades, etc).
14 December 2021 | 7 replies
I included a rough not not accurate number for principal paydown and did not include depreciation tax credit nor inflation, but I always use projections on the low side and my properties always exceed my projections and expectations.Send numbers for some of the properties you looked at even in the past and lets see if you made some mistakes by not buying some of them.