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We are a group of investors from NY, NY, TX looking to buy a duplex in FL. Many of the deals we evaluate are showing 7-8% cap rates, which works well for us, but once we stick a management company fee on there it is w...
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I know flippers sometimes write penalty phrases into contracts ("must complete by XXX or pay $/week/month"). Do you ever pay your GCs extra when they get it done on time or early? Or, are they being paid to do that al...
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As some may know, I've been having some issues with the previous property manager who managed my two 30 unit buildings in Connecticut. I just received the last month's billing (10 days late no less), and they put thro...
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Hey everyone! Just joined BP after seeing some very insightful threads. Here is a brief background of myself:
Started out (January 2011) part time as an intern for a reputable property management company in Souther...
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If you raise the rent every year, do you always need to fix something small on the property to justify you raising the rent or every other year you dont have to improve something and just tell tenant raising rent for ...
Hi, I currently have an out of state rental property that needs some major roofing work. And I know almost nothing about good roofing materials. I've been trying to read articles and watch videos to familiarize myself...
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Hey All, Just wanted to bring up a possible idea I have been having to you guys. SO currently me and my father have been looking at putting our cash together and purchase a log cabin in Gatlinburg for a vacation renta...
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I do not know about you, but with all the troubles you read about concerning Bank of America it makes you wonder if your money is safe with them. If I had any funds in their bank - I would take it out as fast as possi...