Cindy Young
Minimum Rent to Price Ratio
Hi all - will anyone offer a general minimum for rent to price ratio? I understand there are many other criteria to analyze a property and market, and I will use all available statistics. However, this ratio is new ...
Mike Roy
Is m PM double-dipping, or is this common practice
Hello BP - Quick question: I just turned over my first ever tenant and just got the monthly statement from my property manager. I see he's charged me the one month's leasing fee plus the 10% management fee for this u...
Craig Stephens
Could you review and let me know your thoughts?
Hi, I'm renting my 2nd property after starting in February to invest in real estate. The first property was rental ready and only had a about $800 worth of cleaning and cleanup needed to put it on the market. It re...
Jack Dephillipo
High Closing Cost - Anny Suggestions?
Hi all, I'm currently under contract for my first rental property in South Florida and I'm finding that the closing cost provided seems high for a smaller loan size. I've attached a picture of the fees worksheet which...
Beau Brockway
506(b) Exploration and Advice Needed
Hello,
My business partner and I have just set up our LLC and are beginning to source properties for our first purchase under our LLC. We are purchasing our first property(s) by using a funding source from someone w...
Brandon Shaw
WA/CO legalization of marijuana and rental properties
Havent seen anyone reply on BP about the ramifications to landlords who dont want marijuana grown on thier property or in their rentals. I just bought a house in WA state, and with the passing of this law there is gr...
Layton Wyatt
ISO Rent collection/managment software
First time landlord here. Under contract on two out of state single family rental homes. Looking for advice on payment collection/managment software. I hear a lot about rent redi on the BP Podcast. Some of the reviews...
Jesse T.
Buyer Agent Commission 2.5% vs. 3.0%
Does offering 2.5% reduce the number of agents who will show a buyer a house?This is a home in the 600K range if that makes a difference in the Washington DC suburbs.
Patrick Flanagan
Property management strategy that will save a lot of $$$$
My mother owns a very successful property management company. She manages 400+ properties from commercial to residential. I’ve never heard anyone talk about this strategy But you can go to a property management compan...
William Donaldson
Questions concerning College Rentals
I currently own and live in a 4BR/4BA condo in a college town in South Carolina. Right now the three other bedrooms are rented out to my friends until August ’14. Because I’ve been renting to my ...