Scott H.
Heading on vacation and to check out of state market
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...
Roxanne Flores
Admin Service Fees for Repairs on Rentals
I own 3 SFR in Alabama, all managed by the same company. The company recently implemented a 9% "Admin Service Charge" for any repairs that are done at my rentals. This is on top of the repair cost. Has anyone ever hea...
James W.
What do you charge to manage other people's properties?
I have a person that has a couple properties he doesn't want to manage.From what I gather, the tenant used to work for him and as such they have a personal relationship that is causing issues. The tenant isn't the bes...
Nathan Smith
Iowa late fees property management
Hello everyone,Quick question about late fees with Iowa law. The law states that if the rent is less than $700/month, then late fees can not exceed $12/day up to $60/month. Here is the exact wording: “For rental agree...
Bill Flannagan
Buy and Hold Calculations
Wondering if you all can help me out. I am putting together a spreadsheet that will calculate cash flow and ROI to evaluate a Buy and Hold investment. I have been using the UBG and information from other sources to pu...
Maurice Smith
Las Vegas property management (4 plex)
I will be a remote landlord. I stay in a different state from were i purchased my property. So i will have to hire a good property manager who i can trust to run ship. @Eric Fernwood referred me to " Golden West" p...
Mark Beekman
25% for property manager?
I was just told by my real estate agent that property management firms charge 25% of gross income!? I thought they usually charge between 5% and 15% depending on the services (with the 15% covering just about everythi...
Don Konipol
Why I don’t invest in STR
The reason I don’t invest in or use my rentals as STR anymore is that if I pay a property manager 30-35% then my return is the same as a LTR so since I won’t self manage I might as well just invest in LTR.
Has anyone...
Jacob Chaney
Lease Charges vs Market Rent Listed in Rent Roll
Hey everyone, I just received a rent roll from an apartment building I've been working on. The property managers have one column labeled 'Market Rent' with a dollar figure of $12,538.00 and a column labeled 'Lease Cha...
Rebecca Dillon
Being a rental locator
I recently started the property management company and was contacted by and individual who is looking to rent in the area. She is from out of state and was hoping my company could help find her a rental. We don't h...