Amanda S.
Short term/vacation rental property management fee breakdown
I recently started a STR/vacation rental property management business. What specific numbers do I base my management fee off? The language I have seen says I should charge a percentage of "gross proceeds". Do the gro...
Jason C.
Broken Lease Fees......
Hey there BP! Do you all have a stated "broken lease fee" in your lease? Usually when someone breaks the lease, they disappear completely on me and leave the house in bad shape, so return of any part of the deposit is...
Bryan C.
How to Improve Vacant Home Security?
Good evening everyone,I close on a property today in the Cincinnati area that I will be having some repairs done to make it rental ready in about 40-45 days. The property had the electrical & copper stolen last ...
Ellie Narie
Househacking a 4plex- one tenant has a criminal history?
I'm about to close on a 4plex pretty soon. One of the tenants has recently moved into one of the units, and this tenant has bankruptcies and a criminal history (this includes burglaries) that is recent. I'm not sure w...
Bob Walsh
Tenants or Homeowners when a home invasion is involved?
Has anyone had to deal with an issue like this in their rentals? If so were the costs associated with the invasion passed along to the tenant or did you just claim against the Home owners insurance policy? Any comment...
Edita D.
Christmas cards for good VENDORS?
Hey guys,
Is it customary (or good) to write Christmas cards with warm wishes to your vendors if they did a good job? Property management companies, plumbers, electrician, etc
Thank you!
James Li
What to do when tenants have security concern at property
Recently, we had a call as the management from the tenants mentioning that they had a security concern in the property.The property is in a gated community. The tenants reported that burglary and break in used to happ...
Stephen R.
Contractor dispute. Looking for an arbiter in Connecticut.
My home improvement contractor quit just as I was about to fire him. He originally quoted me 6 weeks for project completion, we're currently at 11. The backup contractor told me he's going to need another 5 weeks to f...
Account Closed
Beginning your investing in a lower income city and moving?
Prices in my city (Colorado Springs, CO) are extremely high. Here is what the average rent looks like according to apartmentguide.com:1 bedroom: $12332 bedrooms: $14413 bedrooms: $1847That being said I can't find even...
Willie Francis
Community banks or Big Banks
Looking for a REI friendly bank for financing a rental property 20% down 30yr term in the Houston Southwest Area/sugarland