Beata Williams
Property Management Revenue
I am trying to think of ways to get incentivized and get paid based on high occupancy rate and was hoping to get some feedback here. Obviously high turnover and charging 1 months rent to lease a space is bad for the o...
Justin Pierce
Who should get the rental late payment fee?
Who should get the late payment fee when tenant doesn't pay on time?
A- The Property Owner
B- The Management Company
and Why?
Misook Kang
Signed Lease but Lessee wants out before move-in date
Seeking advice for a first timer. I listed my home for rent and after 30+ days of reviews and home tours signed a lease on 3/30 with an individual who met my preferences for financial/credit history but could not move...
Adam Rockstad
Late payment
If you receive a full rent payment without the late fee included after you sent the pay or quit notice. Do you send the payment back when you demand the late payment fee, or keep the payment and just demand the late ...
Karen S.
Property Management and Tenant Late Fees
I have a tenant that has been paying rent late for the last 6 months. Rent comes in anywhere between the 15th until almost the end of the month. Is it typical for property managers to keep the late charge collected? ...
Isaac Wall
Aligning incentives: Property Managers
Hey allHas anyone successfully moved away from (or at least supplemented) the standard % fee for property managers in favor of bonuses and incentives that align the interests of the landlord and property managers? For...
Joseph F.
What are the annual expenses of being your own agent?
I am considering getting my real estate license. I plan to buy several properties this year and I am assuming that I will be able to get +/_ 3% of the commission by having my own license.
What expenses will ...
Mak K.
Partial payment and late fees calculations
I have a consistent situation and would like I some best advices. My tenant pays late (7 days -10 days late) but also pays the late fees. The issue is in few instances, the tenant rent plus late fees but keeps a smal...
Kyle Grimm
When to stop charging a late fee
So my question is, when do I stop charging my tenant a daily late fee charge if he has already paid most of rent but maybe still owes $100 for that month? I have a renter who usually is about a week or two late with ...
Jeff Watson
Student Housing property management agreements
We are revising our management agreement as it relate to the student housing we manage. Wanted BP input on some items:A;) Typical fees charged. Right now we only charge 10% of gross income (rent, fees, forfeited depos...