Maisa Vahedi
Lender Advice
Hi BP folks!I want advice on a lender that I might be working with. She's not asking for any upfront fees, but she does ask for a due diligence fee of upto $75,000 that is held in a escrow account in NY. She is asking...
Daniel Bither
Property transfer & taxes
I have a question about a property transfer and taxes. To sum it up: What I’m trying to accomplish is to gain ownership of a home without resetting the property taxes to their current value. The story: My Grandparents...
Yue Lehman
Insurance Loss of Rent payout
When you file a claim for a rental property and receive loss of rent reimbursement, is your property manager entitled to their percentage of share? If yes, it does not seem very fair because they don't pay any out of ...
Phillip Dwyer
First Post in the Henderson Sub Forum
Hey Henderson, Nevada BP Members,BP just added sub forums for each state and the largest cities within each state. I noticed no one had posted yet for Henderson, so I'm jumping in to get the ball rolling. This sub f...
Rosston Smith
First property under contract!
Hello BP community! I offered on my first property yesterday, and after a little haggling my offer was accepted. It is currently a 5 unit 2,242 sqft multi family home located near downtown. Its technically a duplex at...
Andre I.
Calling FSBO offering free listing and open house to capture buys
What do you guys think about offering free listing and open house to FSBOs in order to hold open houses to capture buyer clients? Then during the open house offer to do an open listing agreement where they don’t pay i...
Account Closed
Consultation for Real Estate Investor
Hello, I am a new agent (4 months licensed). I am looking for tips on how to set up a consultation with an investor client. I know that it is much different than a buyer/seller consultation. What questions should I as...
Eric Sebast
30% property management fee on long term properties?
Was hanging out with a friend of mine in Nashville TN a couple of days ago, and I knew he had investment properties, but it's not something we've ever really talked about. Mentioned to him that we were under contract ...
Andrea Lee
First Timer - Any Property Management Recs in Cleveland Ohio?
Hi all,I'm set to close on my first property ever next week in Cleveland Ohio. I'm based in California and am struggling to find a property management service. Any recommendations welcome! Please let me know your expe...
Matthew McNeil
Property Manager wants to be named as “Additionally Insured”
I'm the primary insured, but my PM wants to be included on Liability policy. Has anyone heard of this?My insurer refused to accommodate the request saying they've had problems with PMs named in their policies, althou...