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My wife and I are researching using a portion of the equity we have in our house to purchase a SFR. I spoke with a commercial lender yesterday who quoted me on a HELOC and I'm questioning some of the terms and whether...
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Currently looking to hire a property management company but want to make sure that I'm not paying too much. I've looked at 2 thusfar with both charging a monthly fee (when there are tenants) but they also charge a "l...
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This is a first for me. I hope some of my more seasoned BP friends can shed some light.My SFR is managed by a property manager. The tenant recently moved out. They had $1,050 on deposit.The property manager did an ins...
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Hello,I have invested into a multifamily indication through syndication, as a limited partner.Our general partner lives in a different city. Whenever they travel to the city where the property is in, they are charging...
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Hello,
I want to address the following questions to investors who have hired property managers in the past.
1. I have heard that property managers charge fees for handling a property that goes vacant. May I ask as ...
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Do private money loans charge points from the full amount of loan or the amount remaining after the down payment?
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Hi,We are looking to work with a STR property management company for a property in NH Lakes region. We looked into local PM companies but found their commission is 15-20% + $50-$75 additional for each booking, which s...
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Hello,First off, this is my first post on BiggerPockets. I used to be a real estate broker back in the early nineties, but I let my license lapse (stupid). I will soon be approaching the big 5-0 so my thoughts have tu...
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Hey BP!I’m wondering what you guys might think is an appropriate rate to charge a couple for a bedroom that I would otherwise rent to a single person for $1000?The bedroom has a private bath and is coming furnished wi...