Vladimir Del Valle
looking for right solution to manage my single family home from out of state.
Hello. I already got a property manager for my 4 bedroom 2.5 bath single family home, but their fees are quite high and communication could be better. We also use American homeshields (price increase from 500-980$ thi...
Louise Whidby-Drake
Investing nationwide
How does one invest in property in another state other than the state in which they live when one is still bound to a 9-5?
John Smith
Property Manager Commission
Hi guys,
I just have a real quick question. I know that the average cost of a property management company would be 10% of the annual rental income. I know that reason why property management companies charge 10% is ...
Rick Howell
Is a Property Manager Right for You? 5 Benefits
Real estate investors are faced with a seemingly unending list of decisions to be made. Which property will make the most profit? Which neighborhoods are up and coming? How extensive should the repairs be? Who can mak...
Joshua Dorkin
How to Find the Right Property Manager
Lately, a bunch of people have been asking about what to look for when picking a property manager. Its a great question, and I’ll try to cover a few important points. I’m going to ask more questions then I’ll answer, ...
Skye Anderson
Is this really the reality of property management?
I recently had my first call to interview a potential property manager for my first long-distance investment property and it left me a bit discouraged to learn of the reality of the costs involved.
3-5 weeks to rent ...
Account Closed
Buy and Hold, DIY a Pre-req?
If one is starting out in real estate do you need to be the handy man type (I am far from that) or can you learn the basics of DIY as you acquire properties?
Josh Mitchell
Thoughts on 50% Rule
While I know the 50% rule isn't always a direct measurement of things, for this purpose I am going to assume it is. So, being a newbie, it is my understanding that 50% rule simply states that 50% goes to costs of prop...
Jerry Evans
I need another pair of eyes, please, help analyze this deal
(11 unit complex)Asking Price: $80k 25% down: 20kMonthly rent(s):5k Property tax: $282($3,380, 2015 tax year)Estimated mortgage: $250 (20 year loan)Utilities: $425Vacancy: 10%= $500Repairs: 20%= $1000PM: 10% = $500To...
Ayo F.
Is my Lack of construction Experience a Negative?
Thank you BP world for this amazing resource. I have been soaking in all the wealth of information available here on BP.
I am looking at some potential rehab deals but my fear is my lack of Construction experience. W...