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Hey BP community,Apologies if this question has been asked before, but what should I be expecting to pay for typical property management fees? I am currently in the process of vetting different PMs, and I’ve found th...
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We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for some...
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My wife and I have taken over a property management business and are wondering how much property managers usually add in to the monthly rent percentage for quarterly inspections? Or do you charge a flat fee the month ...
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I have been onboarding properties and automating them through Hostfully for a friend who is a real estate investor. We had agreed on a specific price for this initial process. She recently approached me about taking o...
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I have a high end rental ( > $2,500) for which a tenant just moved out. Deposit is 1 months rent. I’ve incurred the following expenses- $250 house cleaning- $600 clean wood floors, carpets and tile (fairly signific...
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The tenant that moved out had a baby and I guess they must have tried to baby proof the home. I understand that that dangling cords are a concern, but what they did to the cord blinds was ridiculous:They knotted and t...
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Hi,
I've been going around in circles and can't seem to figure this out.
For NOI do you include taxes or you don't?
Also since the property is NNN and CAM charges get reimbursed, do I include them or not in my NOI...
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Hi! I just bought a house and am having my current roommate (friend) move in with me + potentially adding another roommate to rent out the third bedroom. Are there any tips you could give me in terms of writing a leas...
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Hello,I am a first time landlord and have been struggling to rent for 3-4 months. Not a lot of applications but rejected some out of caution. So this couple that now wants to rent has a service dog. Initially I wasn't...
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I have a 4unit and have agreed on paying my property manager 8% of rents collected. My understanding with this is they are generally responsible for rent collection, tenant management, repairs & maintenance (small...