Edita D.
Late Fees: does your property management get to keep it all?
Hey guys!According to an agreement with our PM, they get to keep all the late fees that incur if tenant doesn't pay rent on time. Would you have accepted that paragraph in the contract?Thanks!
Joseph Wojciechowski
Scalable Business Planning
I am an investor located in Michigan and in the process of developing a business plan but am struggling to figure out how to set up my LLCs with scalability in mind. Below is a rough outline for both a buy/hold and fl...
Daniel Paloscio
Contracting a Property
Once I've negotiated a price on a piece of property, how do I work out the contract if I'm not paying in cash immediately? How much time do I typically have to find a buyer? Would I do a double closing in a situation...
Ramsin Jacob
LLC Docs Information
Hello BP community, Seeking clarification if possible in regards to the internal documents held within an LLC. I've been speaking with my CPA (who obviously isn't a lawyer) & my compliance coach from the busines...
Hiral Parekh
HOA management services Bay Area
We have a couple units in a 30 unit building in the peninsula (east Palo Alto) and need to find new HOA management firm for our building.
We had a really bad experience with the last company.
Any leads or ideas?
Abe Gold
Modular home Foundation issues
I am considering purchasing a 2700 square foot modular colonial home that is 23 years old. Upon inspection, I noticed that the tiles in all three bathrooms and the kitchen have significant cracks. Additionally, the fl...
Edgar Garnier
PManager taking over properties from other PM
Hi Everyone, Question for property managers from a property manager:One management company approached ours, with the following proposal:They have + 20 properties that they are currently managing (poorly apparently) a...
Elijah O.
P.O.F (proof of funds)
Hello please what is the best way to get a P.O.F (proof of funds) should i use a transactional funding company or a lender.
Neil Anthony Giscombe
We can only hope for lower interest rates to alleviate some of the consumers concerns
These are just layoff announcements over the past month, and there are several more. The average consumer is some what aware of these layoff trends, inflation, higher interest rates, and higher home prices. We can hop...
Kristi C.
Evicting for Stealing Power
How many days do I have to give a tenant to leave for stealing power? She has paid her rents, but I just found out she's been stealing power since May. I got a call from police and city inspectors about it. Now the p...