I bought a duplex in Aug 2021. One of the units has been vacant all this time (currently March 2022) with a tenant about to move in after the management company's construction crew completed their renovations. In th...
Is this typical in property management contracts for retail investors?
General Contract Language
- Broad language allowing PM to receive and collect fees from tenants so long as it doesn't explicitly conflict with s...
Have a property management company, I thought agreement was pretty straightforward now I’m thinking I’m crazy. Fee is first months rent for new tenant + 10% per month. Fine, tenant renews lease and property manager wa...
I have not tackled this in Aurora as of yet. I have an off-market lead for a large duplex in Aurora, CO. Mix: 4bd/2ba & 5bd/2ba. This seems like a good opportunity to split these into two units and sell individual...
What do mortgage brokers charge. We had a broker who wanted us to sign a contract for acommercial loan and his fee was 1% of the loan. ($4,600) This seems outrages to us.
Hi all,I just got the inspection done on duplex that I had on contract on for about 5 months ( its a sort sale). The duplex needs a new roof, new windows, update with the electrical outlet, it has termites and moistu...
I have couple of units and the rent on them is appx $600.. but there are some or other repairs or expense every month my prop mgmt company shows on monthly statement anywhere around from 200-300.. with this taking hug...
I've moved my business model to a scaled business only buying low-end 100K and under properties. We're on track for 150 or so this year and wholesaling anything above that price point. I'm curious to hear from other...
Howdy, BP!I recently got my latest fix-and-flip property under contract (yay!). We're scheduled to close on or before June 30th. This morning I received this request from the buyer's agent:"The Buyers are asking me f...
OK, so I recently sold a local rental property and just went into escrow to buy a replacement. My friend convinced me to use him as a QI as he's done it before over the years and it would save me money. I'm second gue...