Hello All - I have a question regarding property management.We just recently purchased a triplex and the agreement reads that the PM fee is "(b) A fee equal to TEN percent ( 10 %) of gross rental income received on a...
Here's my situation I'm trying to figure this out.
I received my 2019 1099-MISC for rental income per my property manager. It states I received $44,650 rents. My own spreadsheet states that the properties under manag...
Property managers, how do you collect rent from tenants, keep your management fee, and send the remainder to the owner without it reflecting as if you received the full rental income in your bank account?
Are y...
8 Great Tips for Evaluating a Real Estate Investment Due to the Rock bottom real estate prices are attracting some new real estate investors into the market. But before you become a landlord, be sure you have a strong...
Hello Everyone!!!I hope all is well. I have a couple questions about the calculation of the debt to income ratio for qualifying for loan.. I am currently living with my girlfriend and she pays for some of the househol...
Hello,When I underwrite deals and analyze the expenses, I have problems to see what could be out of order (besides property taxes around 2% in Florida and management fee 3-5%). Since the deals also vary in size (100-4...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $321,000
3 Unit multifamily that cashflows $5100 a month.
What made you interested in investing in thi...
Hi everyone. I have been studying the craft (reading books and listening to podcasts) and have heard it mentioned that some people will surpass the threshold for their DTI radio (~36%) long before reaching the maximum...
Hi Guys, need a little advice/insight on a potential power move:1) Currently just closed on a 16 unit multifamily in MA by the following method: $250,000 cash and $500,000 cash out refinance from our personal residenc...
Between everyone on Bigger Pockets there is probably thousands of years of REI experience, I was wondering if you all wouldn't mind using that experience to give me your opinions on this deal.
236 unit apartment comp...