Ling Rita
Interviewing property managers
1 February 2024 | 14 replies
This particular PMC has a very aggressive termination fee and one of the partners in the company is an attorney and they intimidate owners looking to terminate with threats of property liens and lawsuits.Who still wants a short contract?
Ruben Helo
Property Management fee
1 February 2024 | 16 replies
Many of the lower percentage companies and even some that charge the same as us, add on extra fees.If you have any questions feel free to reach out!
Winston Eastman
Rehab vs. Turnkey
1 February 2024 | 8 replies
Hey mate,Welcome to the wonderful world of real estate investing.For what it is, here is my opinion without too much depth:1) Have $100,000 in cash2) Look at the Midwest3) Spend time networking and finding the right people (Realtors, contractors, title company, etc...)4) Buy a distressed property for dirt cheap (Cosmetic rehab only)5) Renovate it6) Sell it7) Loose money (You most likely will on your first few deals)8) Learn and don't repeat the same mistakes 9) Do it againGod knows what doors will open and what the future will bring.I started in a similar way and it lead me to owning a turnkey company, property management company, brokerage, other businesses, investments and monsters with 17 heads heheJust my opinion off course but since I offer turnkey properties, maybe you should just buy turnkey heheJokes...
Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
1 February 2024 | 14 replies
It seems too good to be true and I am currently trying to research the company.
Jesse Sasomsup
How Much Property Management Companies Charge
30 January 2024 | 2 replies
Most DIY landlords have no clue everything involved in professionally managing properties, so their answer is always - TOO MUCH:(Wish we, as PMC, could track everything we do for our clients by time and then charge them like attorneys do.Here's a breakdown though:Monthly Management Fee: Typically 8-10% of collected rent, but several companies are now using a flat fee model of $79-149 monthly.
Adam M.
Question on Earnest Money & Limited Partners
30 January 2024 | 5 replies
This is fantastic: It might be worth partnering with another local GP (I know a few reputable ones through our success in our market) to help carry us through as well as lowering our share in the asset.
Matthijs Pol
Memphis vs Chattanooga
2 February 2024 | 21 replies
Our pinch district is getting a major renovation, and many companies like St.
Pete Morgan
Looking for a realtor with STR experience in western NC
2 February 2024 | 24 replies
Not only would they be a great company to look after your property, but they can probably help you find a STR realtor in the area as well!
Jane S.
USAA wont write a homeowners policy for a rental
1 February 2024 | 2 replies
Jane,My advise would be to seek out multiple Independent Agents (they represent many insurance companies) an have them contact their markets.
Tony W.
STR/MTR rentals via a management company vs LTR rental
29 January 2024 | 6 replies
The way the company works is as follows.