Hi all,Just wondering how other investors see this information -- I am trying to purchase a property and have built in a 10% PM cost (of rent) per month. I would do this for any property.I am planning on managing this...
I just engaged my first property management company.They suggested that to find a tenant it will cost 1 months rent for commission split.ANDOn an on-going basis, we will be putting the property under their management,...
We're in the process of purchasing a larger apartment building with 120 units set on a single property with about 11 separate buildings. The current owner has a few on-site people running the operation who he gives...
I have a property that I previously occupied in NC that I have decided to rent out. I currently live out of state. I have received a quote from a property management company, and I'm not sure if the terms are typica...
Let’s face it—property management fees aren’t cheap. While you may need to hire a property manager if you’re investing out of state or are unable to self-manage your property, these costs can quickly eat into your pro...
Hey all, have not seen any posts regarding this - thought it might be useful for investors using hard money and those interested in hearing another perspective on the local market. ***Please note. This information is ...
I was recently speaking to someone who owned a vacation condo in Hawaii and was quite shocked to hear that his property management company charges him 50% of his rental income. He was however very happy with the arran...
This is our first post! My husband and I are in the process of researching the Columbus, OH real estate market, with hopes of purchasing an investment property by the end of 2019. We are based on the East Coast. We n...
I have been a fleet manager/ director for awhile. Managing fleets of 150 to 13,000. I am looking at houses the same way I look at fleet vehicles and I would like to know if my thinking is flawed. See below:
I buy a s...
We are on the board for a 48 unit HOA townhouse and are trying to get an idea of the cost of 3rd party management and expectations for that cost. Anyone have any experience in this area?