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I got this email earlier today, thought other mass investors might find this interesting....I know there have been some discussions about what we can and cannot charge in the past. "An important ruling has been issue...
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I'd like to get some input on reasonable vs unreasonable fees for property management.
I think most people think that the % of rent is the key fee. I disagree.
I interviewed a property manager a while back who hea...
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The lease states tenant is required to pay rent in one payment. Made one small payment ($400), ignored email stating that partial payments are not allowed per lease and to please cancel the payment (Cozy doesn’t give ...
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The issue of HOA Transfer Fees is a nationwide practice to be questioned.If you closed on a home in an HOA you most likely noticed a few line items that are, well, just there. Ask for an explanation of the fee and yo...
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How do we factor in property management expense into cashflow? Obviously we factor in the percentage each month, but how about the bonus they get when they find a new tenant?Hypothetically lets say a property managem...
Hello,
First time poster. For anyone in DC metro/ NoVa, is it standard among major brokerages (Sotheby’s, Compass, long and foster etc) to charge a $400 buyer transaction fee (disclosed at front end of relationship)...
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I was wondering if all private and HML in IL charge points?
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Open to replies/opinions from ANY market. Should tenants get a grace period? Should they be charged late fees? Share your experiences with collecting rents and making grace periods/late fees work in your favor. I have...
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Start charging 10% of the repair bill as a "Management Maintenance Fee?" I am very PRO Property Management as I used to be one. But each year, it seems like they are finding more and more ways to charge the investor...
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Is anyone charging a security deposit for guests? If so, how much and why? Is anyone charging a fee for pets? Or baking it into the nightly rate and/or cleaning fee?