Christian Gibbs
What is the typical fee charged by property manager while rental is vacant?
Hello BP forum! We are paying $500 a month for a property manager but it's been two months or more and the house is still not ready for rental.When a house/ property is vacant what is the normal negotiation for most ...
Bruno P.
Screening Fee amount (is it OK to charge more than $25 in WI?)
Hello!
I'm using a property management software (TurboTenant) for rental applications and screening reports, and they charge each prospective tenant $45 for this service.
However, the Wisconsin State Legislature sta...
A property manager can alleviate the burden of screening tenants, collecting rents, and maintaining your property. But if you’re not careful, exorbitant fees and unexpected charges can quickly eat away at your cash fl...
Account Closed
Wholesaling Commercial Real Estate?
Hi, I'm new and I was wondering if anyone could give me some advice. I am interested in becoming a wholesaler and had some questions:1) what is the best course to wholesale commercial properties? I know the analys...
Kimberly T.
Can you charge a different application fee for a married couple versus 2 individuals?
I'm researching PMs in other markets we're considering buying in, and have seen some PM sites with info for prospective tenants. When I look at their apps, I have seen some with the following type of set up:
...
Annie Leon
Can Title Charge for additional recording fee if they are the one that miscounted
On the eve of closing (last night), the escrow assistant informed us that we need to bring additional funds to closing due to two affidavits that need to be recorded in the loan package, for which the recording fees w...
Eric M.
Laid off How do I get started?
Hello EveryoneI have been laid off a few months ago. I was miserable working at that job. Have been living off savings and really don't want to have to start another job unless I have too. I would like to get started ...
Kareem Arnold
Unpermitted Additions in Refinance Appraisal
Hello,I recently purchased a single-family home in Hawthorne California, all cash for 500k using a hard money lender. The property was in bad shape and I'm using another lender to provide the repair cost of 50k. The h...
Matt Whiteside
Asking lender to produce the note
I've heard about people trying to stop foreclosure using the produce the note argument. Has anyone used this when trying to negotiate a short sale, if so how did you incorporate it into your strategy?
Toben B.
Late fee amounts? What to charge now that tenants don't seem to care about $50
When I started renting property I only charged a $20 late fee and the tenants didn't seem to care about this amount. I changed it to $5 for every day late and this became a hassle to determine how many days late they...