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...
Ken Swearengen
Typical for Property Management companies to do walkthroughs?
I just got a notice from my property management company for a long-distance rental property I have that they are scheduling fall inspections. The inspections are $175. This is my first rental property (I purchased in ...
Ashley North
Pet restrictions & fees?
Hey everyone! I am just listing my first rental property and would like to hear some opinions on pets. What are your pet standards, do you set weight/ breed restrictions? Do you charge pet fees (refundable or non refu...
Stephanie T.
Tenant damage to floors?
Hi there!Our tenants just left their unit in San Francisco. Some of the engineered hardwood flooring has water damage (maybe 10 SF). We're unsure if we should charge them anything. In reality, we wouldn't replace the ...
Ivan May
$1,000 dollar appraisal for a house less than $100k!!???
Just got my closing disclosure and was blown away when I saw that the appraisal fee is $1,025. I think the most I’ve ever paid for this is $750 and I was thrown off then. Also for some context this is in Indianapolis....
Keith A.
Property Management Fee Negotiation as Portfolio Increases
I have been using the same property management company now for about 4 years and have an 8% management fee on rents and there is also a lease renewal fee of 50% of one months rent. The lease renewal fee after researc...
Siva A.
Pet policy with 3 cats tenant
Good morning Everybody,I have a tenant interested on one of my property, One Adult with 3 cats. I have a rule that Max allowed pets are 2. How do you go about this. Also, I have a Pet fee (Non refundable fee per pet)....
Stephen Glover
13 Questions To Ask Your Property Management Company
Here are some basic questions to ask property managers during the sales process that I feel are invaluable. I'm a property manager in Richmond, VA and these questions have come from well-versed investors during the s...
John C.
Short Term Rental Pro Forma Spreadsheet
I am an aspiring Short Term Rental investor looking to get feedback on a pro forma spreadsheet. I am looking at properties around the Joshua Tree, CA area. Please see spreadsheet link below and feel free to use it as ...
Michael Sepe
Property Manager Fees
Finally purchased our first rental property! Being a newbie, I just wanted to reach out to the BP community and ask if these fees are usual or customery?100% of the first months rent.10% of the montly rental.3% of a y...