4 March 2019 | 5 replies
Hi guys, I have been purchasing rental properties in TX and GA using conventional mortgage, but I'm thinking at some point in the future I want to purchase my own primary residence, and afraid that if I keep buying rental properties and maxing my leverage using my W2 income I will be too levered to buy my own residence.As someone that recently started out, I use conventional mortgage because of the lower interest rates and my lender doesn't charge me any origination fee (although not a fan of 25% down on small multi).
4 March 2019 | 20 replies
Also, requiring a prospective tenant to fill out an on-line application before being contacted to make an appointment might cause a lot of people to just go to the next property in their search results list.
2 March 2019 | 4 replies
2/1 in the Bronx I charge 1500 and a 1/1 1000.
4 March 2019 | 4 replies
We've had a third inspection before and the inspector could've charged us $75 for it, but chose to waive the fee.Hope that helps!
4 March 2019 | 33 replies
It turns out her old landlady in a similar situation had brought out a contractor and made a lot of noise about replacing the whole vinyl window, and finally charged her $70.00 for an entire new screen frame shipped from the window manufacturer.Same landlady who ate my tenant's security deposit and had never heard of giving notice before banging on the door.
6 March 2019 | 5 replies
Most states have agreements in which the Marketers themselves (AirBnb, HomeAway) collect and remit the sales tax and applicable fees.
2 March 2019 | 1 reply
Go over your PM contract, contract should state what are your turnover fees they vary by PMs..Some will charge 50% first month rent as Finder fees other might charge full month rent.Concerning your question, PM role varies by companies.
3 March 2019 | 4 replies
I bought the biggerpockets one and not everything is applicable.
3 March 2019 | 4 replies
Then I manually adjust their charge and move on.
3 March 2019 | 1 reply
It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.