John Werthman
Rental Cleaning Services
Hello All!My wife is interested in starting a cleaning service that targets landlords who have recently vacated properties that need to be cleaned before they can be turned over. Has anyone ever heard of a service lik...
Mike Mendoza
using non skilled labor to fix up your houses
I've been using college kids, just out of college, stay at home mom's, etc to work on our crew to help fix our flips. We subcontract concrete, roofing, and exterior painting, siding, windows if we are doing the whole...
Timothy Brillant
Employee Bonus??
I have a great employee, who is a hard worker and very attentive to details and or codes, which makes having him on staff frustrating but good. I feel as he has lost his drive/desire to work on real estate, he is take...
Account Closed
Employ Adult son to manage rental property
Hello, I am newbie and need help. I do have 2 rental properties. Can I employ my 18 year old son to manage these properties, pay him (put that in his College fund/IRA) there by reducing my tax liability on the rental ...
Tyler Small
Ratio of Labor Cost to Material Cost
I know overall costs vary widely depending on where you are in the country, but it seems like ratios would stay pretty much the same. I may be incorrect about that, so if I am, please let me know.
I just finished ...
Julia Bykhovskaia
Opinions on 100 unit+ property management firms
Experienced syndicators of 100 unit+ deals: what’s your opinion on property managers: should one at all costs avoid firms that have substantial % of their own properties in their portfolios (vs strictly third party) d...
Wendy Gu
ADA Compliance For Restaurants
Hello, I am new to this forum. I would like to know whether are all restaurants required to have ADA compliant restrooms? According to this site: site https://smallbiztrends.com/2016/05/small-business-... Small busine...
Michael Shadow
Employees
Does anyone have any employees working for them? I'm to the point where I need to bring someone on to help with the maintenance and some light rehab work.
I was wondering how you go about looking for employees and...
Stacy G.
Why investors should be their own general contractor
This is in follow up to a recent post by Engelo Rumora "The Top 3 People Most Likely to Rip You Off in Real Estate Investing"Probably one of the more misunderstood words in construction is "general contractor". Based ...
Richard A.
How do property manage companies, manage to scale /profit?
I see 7-12% fees for property management around here. $1500 month property. $150 at 10% x 12 = $1800 a year
$1800 x 10 properties = $18,000. Someone can manage 10 properties alone but still you are only pulling in $...