Turgut Oz
How to approach late payment situation, especially with a PM?
I have a rental property in Texas and I hired a local management company to manage it. They placed a tenant who did not pay the first month on time. The rent is due 1st of the month. The tenant paid two partial paymen...
Matt Franklin
Detroit Property Management Disaster
So I purchased a "Turnkey" single family home in Detroit (specifically Taylor) last year. Things started going south almost immediately. Rents were late almost every month, then the renter decided to move out, and sin...
Jared Aquino
Property Management Recommendations
Hey BP San Diego,How much should I expect to pay for a property manager (as a percentage of the rental income) to manage a property in San Diego? I am currently the owner occupant of a townhome in Central San Diego an...
Joseph O'Sullivan
Property Management Interviews
Hi All,I'm a real estate newbie (for now), but thinking of interviewing various property managers in investment markets of interest to start building the teams in preparation for that first deal..I'm sure there is a ...
Elena Scott
How do property managers collect last month’s rent?
Every time a tenant moves out, they don’t pay their last month’s rent. Sometimes they leave without paying the last two months of rent. Security deposit is not enough to cover the turnover and back rent. It seems near...
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
Own a 4-plex in the KCMO Area. The Property Management company has breached the contract in terms of allowable expenses without owner's approval. I am also having communication issues with this PM - no email responses...
Zachary Jensen
Wife doesn't want to increase rents
I'm just about to close on my first rental property (house-hacking a duplex in a small town outside of San Diego, CA). The previous Landlord raised rents 3-5% every year on this property, so it is currently rented fo...
Bryan Danger
Exit Strategy/What's your "number"?
I spend a bit of time reading and contributing to different forums... Real Estate, FIRE/Early Retirement, Sailing, Overlanding - and every time I come here to BP I'm left wondering why the discussions/goals I see on ...
Svetlana Kazantseva
General Contractors refusing to quote without them buying materials
Hi all! We have a really hard time finding a general contractor for our repair project in a buy & hold SFH in Kansas City, MO. We hired a property manager after purchasing the house and both contractors they sent ...
Chris Archer
Property Management Fees
I have found most management companies take 10% rent plus one half to one full months rent amount when filling a unit. Considering a 12 unit with $1,000/month rent per unit. Worst case scenario all tenants could lea...