Vicente Hernandez
Signs I should look for when interviewing for a new property manager?
28 March 2024 | 10 replies
As a PM, I would be worried if a new owner did not ask me at least some of the following:- Company Specifics: first question should be are they licensed (how many properties do you manage, what type/class of properties do you manage, how many property managers on the team, how many years have they been in operation)- Pricing (what is the cost to manage the property (ies), is there a leasing fee (commission structure), is there an onboarding fee, is there an early termination cost, are there ad-hoc costs for maintenance, tenant screening, or miscellaneous costs - such as to appear in court if you have an eviction)- Service offerings (do you have a maintenance team, do you come equipped with a list of contractors/vendors, do you offer the software and portal access for tenants/owners, etc.)- Financial Services (you (owner) should think about what you want the PM to handle, if it is everything from paying bills to insurance procurement to P&L statements then ask that, if you don't want the PM so heavily involved in financials and just more on the surface level of the operations of the property then that is okay too!
Dan Barth
Tenant claiming mold present - Help!
27 March 2024 | 17 replies
If you have further questions, call your insurance company, they will be able to give you some insight into your liabilities since chances are they will be representing you for a mold claim.Lastly, you can call a remediation company for a quote.
Kevin Drouillard
Exiting out of a totally fire damaged C class property
28 March 2024 | 5 replies
I’ve even asked the insurance company and they are unable to go higher.
Chelsea Allen
Hiring attorney for buyers rep
28 March 2024 | 11 replies
A good real estate attorney can take care of the paperwork, that's maybe 10% of the value you get from a good agent (it could be 50% from a bad agent, the other 50% is opening the door lol).The value a good agent brings comes from experience.
Ruth S.
What are the steps to acquiring a property subject-to?
27 March 2024 | 3 replies
It was highly recommended on a BP thread many years ago.I don't do subject-to's, but just be careful.
Adam Tyer
Co-Hosts Q&A Forum
28 March 2024 | 10 replies
Experience isn't everything, since I know many STR hosts and PM companies that are plenty experienced and doing an awful job!
Matthew Ginsberg
Tenant Water Bills
29 March 2024 | 7 replies
It can absolutely stay in the tenants name with the landlord or manager receiving a copy of it from the water company.
Ori Menahe
First Fix and Flip / Property
28 March 2024 | 1 reply
The owner is a master plumber and his company is licensed in all mechanicals and he has dozens of subs that do the high quality finish.
Gina Cimarelli
Aspiring real estate investor - deciding on where to make my first purchase
28 March 2024 | 3 replies
My W2 is an issue because I am a contractor at a tech company waiting to see if they will hire me full-time.
Mickayla Fatovic
How I did over 220 transaction sides in 1 year.
28 March 2024 | 0 replies
My efforts were rewarded with a snowball effect of success, culminating in the realization of my long-awaited dream – opening my own commercial and residential real estate brokerage and property management company at just 25 years of age.With each passing month, my client base grew, and my reputation as a trusted advisor in the industry soared.