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Hi Guys, I'll keep it brief, but wanted to document my success below while the numbers are still fresh in my mind. I'm actively looking for a new off-market multi-family deal and also looking for private lenders for m...
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I just bought a 27 unit complex. I am new to complex of this size and looking for recommendation on best practices to manage property of this size. 2 things that i need advice one:1. Late fees: How to avoid that prope...
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Hi BP community! I need some advice on dealing with a broker fee in the state of Florida. Perhaps a realtor or someone who has been through this can offer some insight. So I used a realtor to rent out my condo for the...
Should properly management keep late fees and should PM still get 10% when properly is vacant?
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So let’s assume you have a rental that grosses 40K a year.
Here are your VRBO expenses:
- either $599 per year flat fee or 5% rental commissions.- 3% credit card fee
-3% advance pay fee
- Average of 8% “service fe...
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I currently manage 8 rental properties in Grand Rapids, MI and all of my tenants habitually pay on time except one. I've had her as a tenant for 9 months now and she has only paid on time twice. Her credit wasn't terr...
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I am considering taking a loan from a 401k for my first REI. I will be joint venturing with an experienced partner if I do so.
My question right now is:
Should I keep my 401k with Edward Jones or move it to somewh...
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Hi, currently own some properties mostly empty lots with high HOA fees. The properties are listed to sell but no one seems to bite due to the high cost. Has anyone been in a similar situation? What options do I have?...
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Hi friends-Wanted a little sanity check here. Tenants in a triplex that I own are late on rent and get charged a small ($50) late fee per their lease agreement. In your experience, who gets this late fee??My Property ...
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Title company does not want to do closings under 100 K….(San Antonio area) So I have a title company that I have used almost exclusively for the past eight years and have given them tons of business and referrals. I r...