I have a verbal quote for 14% of monthly rents for 3rd party property management.  I know typical rates are 8-10, sometimes I've seen 12%.  But could a PM be rock star enough to warrant a 14% rate?  I just can't see t...

Hi all! I’m relatively new at this, have been doing tons of learning and saving and am getting myself ready for my first deal. Going all-in and committing to REI so my question is: about how long does it take to study...

Recently, I came across a website which advertises a turn key investment in Little Rock AK. The company is called Memphis Invest and they claim to do everything for you with a + cash flow and manage your property. ? -...

Hello,We recently bought a property we need to be managed.  When signing the contract, we noticed they charged 10% of gross and 50% when they find a new lease, which we agree with.  However, if we fire them before a y...

Just found out that through a buddy of mine (and other research from asking other PM's) that these PM's charge an exit fee or termination fee to get out of a contract.  Sometimes these fees can be very aggressive. Eve...

Hi All-I'm about to conduct my first rent increase and I'm looking for suggestions on how to create a letter that is polite, yet accomplishes the task.  The tenants are good people but I want to stay reasonably close ...

How risky is it?
I learned that I could get a $20K HELOC from my primary residence. I have $15K in old 401Ks that I could rollover into a SDIRA and I have $15K in cash saved up. That’s roughly $50K, but I prefer to u...

Hello Everyone!My name is Colleen, I am from Ohio and have been living in the Northern Virginia area for 8 years. I have been blessed to purchase a home here which I have been house hacking for a year now. Now I am no...

Im buying 2 houses. One is mid-rehab and the other needs to be fully gutted. I plan on finishing the mid rehab house first and then moving onto the other. Problem is someone is living in the other house and his family...