Jackson Poscablo
Tenant Has Extended Guest
I'm located in SeaTac, WA and one of my tenant has had an extended guest. It's been about 3 weeks. For the first 2 weeks, the guest has been here for about 5 days per week. On the 3rd week the guest has been here for ...
Ira Boyd
searching for a loan
How much should one expect to pay in closing costs for a typical rental property loan right now. I am looking to borrow $225,000 with a conventional loan. I see these online sites with rates as low as 3.75% APR, bu...
John P.
Memphis Property Management Fees
I am curious what others pay in Memphis for PM fees. I like my PM fine but feel their fees are getting nickle and dimey. Fixed percentage per month which is now 8% for having more than 10 houses; 75% of gross first m...
Robin Evans
Security deposit return
Hello we just had tenants move out and their standard of cleanness makes me want to laugh. They left the property filthy and trash behind and claimed it was clean! Our cleaner had to spend 10 hours to clean the whole ...
Romeo Sison
Have you split up the water meter on your 4-plex?
I'm looking to pass the water expenses on to my tenants. How much does it cost to separately meter the water on a 4-plex? Who should I call? a plumber? How much do you think this would cost? I appreciate the input! I ...
Jason Hudson
How much should you charge for quarterly inspections?
My wife and I have taken over a property management business and are wondering how much property managers usually add in to the monthly rent percentage for quarterly inspections? Or do you charge a flat fee the month ...
Matt Shields
Homeowner Association Cartels
HOA's have figured out new victims to fleece, the flipper. In Arizona I have watched HOA fees climb to absurd amounts. Recently legislation was put into place to limit their transfer fees to $400, but as expected they...
Zantiago Zurita
Late rent fee charged monthly or daily
I live in MD and I currently have a lease that mentions the following about late fees: "5% of the monthly rent for every day the rent is late after the 5th day rent is due". I bough the contract from eForms.com. My ...
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
I recently had a long-term (5.5 years) tenant move out. She was a fantastic tenant—always paid on time, easy to work with, and took good care of the property overall. She did move in two cats during her tenancy (with ...
Rob Bianco
Tenant Abusing Water in 4Plex
Long story short: I thought I had a water leak when my bill spiked $1,000 for 2 months in a row. A fourplex I bought in December has 1 water line so water is included in the rent. I've had 4 different plumbers (one sp...