Jeff Melby
Should I sell our only rental and start over?
New member and new investor here!We moved from CO to FL last year and are currently renting our CO home. It’s currently in it’s 2nd 1 year lease. It’s in a great market for renting and real estateWe have a significant...
John P.
Memphis Property Management Fees
I am curious what others pay in Memphis for PM fees. I like my PM fine but feel their fees are getting nickle and dimey. Fixed percentage per month which is now 8% for having more than 10 houses; 75% of gross first m...
Amit Kapoor
Cabin Purchase in Sevierville, TN
I am planning to buy a large cabin in Sevierville, TN area for STR and am wondering what are the common expenses associated with owning a cabin. Can anyone please suggest?
The Goal is to find out the anticipated inco...
Jennifer Salazar
Opinions of Security Deposits/Fees
Good Afternoon!Wanted to know thoughts on a security deposits/fees. I have a property that is going to be rented out at $1450/month. The security deposit will be $1450 as well. Out of the $1450 we take a $250 Non r...
Mike Landry
referal fee etiquette
Is it ok for an agent to ask for a referral fee if they refer a client to another agent that buys a house? What is industry "standard" if one exists. $500, .5%? Is it best to keep referrals inside the same brokerag...
Mike Roy
Is m PM double-dipping, or is this common practice
Hello BP - Quick question: I just turned over my first ever tenant and just got the monthly statement from my property manager. I see he's charged me the one month's leasing fee plus the 10% management fee for this u...
Katie Anderson
Accounting for Closing Costs?
How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc.....
Brian C.
How do you determine if a syndication make sense for the sponsor?
Assuming the potential deal you are analyzing meets your target IRR for investors (net of fees), what's the best way to determine if the deal make sense from a sponsor/developer's perspective? Is it simply making sure...
John Thedford
When Are Payments Due And When Do You Impose Late Fees
I have been very lax with my tenants. Most of my leases state the payment must be POSTMARKED by the 7th of the month. Generally, that has been fine with me and since Covid has hit, I have not been charging any late fe...
Dan O'Neill
Question on management fees
Looking for some perspective on management fee. Some background: I toured a 15 unit property with a pm rep and the company worked up a budget for the property based on something similar they manage. The budget has ...