Xin Peng
Why would a property management company charge cancellation fees?
The theory I heard is, if the PM does a good job, normally the landlord wouldn't bother to switch the PM company, so they shouldn't worry about the early termination. So, any good reasons to justify such charges?
Courtney Duong
charge tenants late fee if they pay CAM recon late?
Hi BP,
I manage a multi-tenants retails and tenants have been paying an estimated $7/sf/yr for NNN. So last year 2021 the previous PM did the CAM reconciliation for 2020 and the actually NNN was supposed to be $10. ...
Freddy T.
Should I raise rent drastically or raise it in small quantities over time?
Hello all,So I have a Duplex property in a rough part of town. Originally I rented out my top unit in 2020 (3 bedrooms and 1 Bath) for $775.00. I didn't go too high because the area isn't all that great so I thought i...
Account Closed
SFR Deposit Cover Yard and Lawn Care?
On the tenants last day she was cleaning out her stuff and I saw some obvious damage to the hard wood floors. I called my favorite flooring guy and he ended up renting the place! Zero vacancy days and now I have a te...
Robert Gagnon
Renting as shared space rather than a duplex - Zoning
I am placing an offer to purchase a SFR in Washington. It is zoned SFR but the previous owner has created a nicely done, including a nice kitchen, mother in law suite with it's own access.The suite has a stairway with...
Stephen E Drew
Structuring A 2for1 Great Deal
Hello Everyone.! I have been keeping in contact with a motivated seller for over a year now. They own a vacant single family as well as a newly renovated 2-unit. They are elderly and the husband does have health issue...
Hoi L.
Need advice on 5-units multi-family: rent, utilities, etc
Good day fellow members! My family started the REI pathway late 2021 and has closed on 2 SFH, 1 pending SFH, and one 5-unit multi-family house. Some details on the multi-unit located in Glenolden (SW suburb of Phila...
Tim Coppola
Concern of excessive water usage
Hello everyone,I'll try to make a long story short here. I recently had a tenant who I could hear running the water for long amounts of times (15 minutes or more). After the third time in three weeks I asked them what...
Angela Tanudjaja
Late fees: do you do % or flat fee?
Hello everyone,
For those who rent out their apartments, do you charge a late fee based on rent percentage or a flat fee?
If so, do you set a daily rate?
I'm asking because I'm working with a prop...
Zach Wittmann
Property Management Recommendations Near Edwardsville, IL
I was wondering if anyone has recommendations for property management in the Edwardsville, IL / Granite City, IL areas? Thank you !