Bill C.
Design your OWN Property Management Compensation Package
Hello BP,I’m starting out with a new property manager who I know well. We’re trying to design a fair compensation package that aligns his interests with ours and makes it sustainable for him in the long run to continu...
Rich C.
Roommate Switch Out - Pet Fee Return?
I have to perform a roommate switch out in one of my properties. The tenant lived there 3 months and paid a non refundable pet fee. I am trying to figure out if I should return a prorated amount or keep the fee. An...
Duke Giordano
Typical Sponsor or GP Fee and example structures.
Hello All,What are some typical Sponsor or GP Fee structure, how is it broken down, and what are some example structures? Just trying to get an idea of what to look for and whats fair. I realize they obviously bring...
David Stone
Tenant paid rent but not Late Fee
Hey, just had a question for landlords out there to see what everyone else would do in this situation... We have a tenant who has been on time or early coming up on 3 years now and keep the place in excellent conditio...
John D.
Taking on investors: a handful of unaccredited friends, $5mil or so in capital
Hi All-
I've found a good niche. My returns are good, the properties are quality, cash-flowing, appreciating, and the portfolio looks good. I'll run out of money in a few months if I keep finding ...
Chuck Patel
STR COMPETITION THROUGH CLEANING FEES!
iN THIS COMPETATIVE MARKET I SEE QUITE A FEW FOLKS CHARGING A LOW CLEANING FEE TO NO FEE AT ALL. TO ME IT SEEMS YOU ARE BUYING A JOB AS A HOUSEKEEPER. I AM IN A SMALLER MARKET IN GEORGIA AND IN THE PAST YEAR MULTIPL...
Matt Holmer
Customary Property Management Fees?
Good afternoon-I am reading over a potential PM agreement and want to confirm that the PM charges are reasonable and customary.1) 75% of one month's rent for tenant screening/placement. (Seems reasonable)2) 8% monthly...
Brie Schmidt
Property Management incentives
I have a PM who manages my out of state properties and overall is great. Repairs are taken care of quickly and at a good price. The communication with me is great and I am happy with that..... but recently we have h...
David Rabinowitz
Myrtle beach STR fees
Hello All. For the last 2 years I’ve been saving money and absorbing knowledge on real estate investing. Im ready to start making offers on properties. Im looking to get started in Myrtle Beach, ocean front or one blo...
Greg K.
Self-Directed Solo 401K Setup Question
Hello,Pardon me if these topics have already been covered exhaustively but I'm having some trouble finding answers to my questions online. I already have a solo 401k that I set up years ago as a sole proprietor with ...