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$9k for closing costs??? Lender / Broker Questions
So I'm going through escrow right now and realized I'm pretty sure I'm overpaying for the closing costs. I'm being charged $9,071 and through research, it says that it's usually $3.5-7.5k. The house was $90k. Is this ...
Ryan Copeland
Lender vs Lender, what do I do?
So I am going through the lending process with another lender and we just got my rental appraised last week. Now Quicken, who has the current mortgage, has gotten the notice that I’m about to pay off the loan and then...
Justin R.
Charging for My Own Labor - Louisville Area
Hi BP,I was hoping folks in the Louisville, KY area could assist me in determining if I could charge for my labor in performing cleaning and repairs after a tenant vacated? I was looking through the KRS 383 and didn'...
Nathan Gesner
Landlords: How do you prevent Security Deposit disputes?
Fighting over the Security Deposit is one of the main issues between Landlords and Tenants. What steps do you take as a Landlord or Property Manager to ensure the deductions from a Security Deposit are not disputed? I...
Jonathan Johnson
What are municipal fees? 100-unit help.
Hello BP,I am looking at a 100-unit apartment complex (2 buildings) and I'm wondering about some of the utilities they have in their books.Are municipal fees just sewer? A simple google just said sewer and trash, but ...
Kylee Fish
How do you determine amount for tenant rent?
Hello all,I am new here and I have seen people talk about rent for their tenants and in the area of their building. How is the rent determined? What are the deciding factors? What is taken into consideration when deci...
Peter Sik
4/2 or 3/2.5 is more attractive
i am at montgomery , al now. just found two properties at the same location, almost same price. one has 4rooms 2 full baths, the other one has 3 rooms 2.5 baths. For rental, which you think is more attractive to tenant?
Alex Lee
Preferred Property Management App/Software
With all the property management softwares/suites/apps these days I'm having a hard time sorting through all the information, so I thought I would beg the question:Which rental property management systems have you all...
Terry A.
Property Manager Fees Questions???
We are under contract with our first property and will be using a management company. We are out of state with the property being in Georgia and will be getting an 8% fee. I have a few questions on other portion of t...
Brooke Gaston
Help tracking expenses
Looking for suggestions on a software to track expenses on investment properties.